Mergers Drive Two Biggest Percentage Gainers (ALLI, IPCS)

Posted in pre-market 
October 19th, 2009

Allion Healthcare, Inc. (NASDAQ: ALLI) closed at $5.44 Friday, but shares are up at $6.47 with a gain of 18.93% on some 592,638 shares as of 8:43 AM EST.  Average volume here is only about 90,000 shares.  A firm called H.I.G. Capital is acquiring its for $6.60 per share….  iPCS, Inc. (NASDAQ: IPCS) is being acquired by Sprint Nextel at $24.00 per share, a 34% premium to the $17.88 close Friday.  Shares are up 33% at $23.90 on 476,000 shares of 8:43 AM EST. JON OGG

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