Morning Movers 8/5: ONT, CMLS, INO, RDN, SCLN, PRAN, NVAX Higher; XRM, CVGI, VCLK, ACAS, SXE, AMRI, GCA Lower - Street Insider

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Morning Movers 8/5: ONT, CMLS, INO, RDN, SCLN, PRAN, NVAX Higher; XRM, CVGI, VCLK, ACAS, SXE, AMRI, GCA Lower
Aug 05, 2009 01:59 PM UTC

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Via StreetInsider.com News Articles:

On2 Technologies, Inc. (NYSE: ONT) <font>54.2% HIGHER;</font> and Google Inc. (NASDAQ: GOOG) entered into a definitive agreement under which Google will acquire On2, a leading developer of video compression technology. Under the terms of the agreement, each outstanding share of On2 common stock will be converted into $0.60 worth of Google class A common stock in a stock-for-stock transaction. The transaction is valued at approximately $106.5 million.

Cumulus Media Inc. (NASDAQ: CMLS) <font>43.8% HIGHER;</font> reports Q2 EPS of $0.35, 24 cents better than the analyst estimate of $0.11. Revenue for the quarter was $65.96 million, versus the consensus

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