Unusual 11 Mid-Day Movers 10/26: NYER, SMLC, ALD, IGLD Higher; FTWR, PVTB, FOH, ING Lower

October 26, 2009 1:39 PM EDT

Nyer Medical Group, Inc., (NASDAQ: NYER) 173% HIGHER; announced today that D.A.W., Inc., a wholly-owned subsidiary of Nyer which does business under the name Eaton Apothecary, and Nyer entered into a definitive agreement with Walgreen Eastern Co. (NYSE: WAG), Inc. for the sale of a substantial portion of DAW's operating assets, including prescription files and inventory of a total of 12 neighborhood pharmacies which includes the assignment of eight leases, for a purchase price, subject to certain adjustments, of $12.0 million plus up to $5.75 million of qualifying inventory and $1.1 million of operating equipment.

FiberTower Corporation (Nasdaq: FTWR) 45.4% LOWER; today announced today that it has commenced an exchange offer and consent solicitation relating to any and all of its outstanding 9.00% Convertible Senior Secured Notes due 2012 Additionally, the company said Crown Castle (NYSE: CCI) will remain as a minority investor and Crown Castle's Vice Chairman, John Kelly, will be named Chairman.

012 Smile.Communications Ltd. (Nasdaq: SMLC) 39.4% HIGHER; today announced that it has entered into a definitive share purchase agreement under which it will acquire a controlling interest of approximately 30.6% in Bezeq The Israel Telecommunication Corp. from Ap.Sb.Ar. Holdings Ltd., in a cash transaction currently valued at approximately NIS 6.5 billion, or NIS 8.00 per share, representing a 7.0% discount on the shares of Bezeq based on Bezeq's closing share price prior to the announcement (as of October 22, 2009). 012 Smile will be entitled to receive all dividends payable by Bezeq to Ap.Sb.Ar. prior to closing.

Allied Capital Corporation (NYSE: ALD) 34.1% HIGHER; Ares Capital Corporation (NASDAQ: ARCC) and Allied announced today that they have entered into a definitive agreement under which Ares Capital will acquire Allied Capital in an all stock transaction currently valued at $648 million, or approximately $3.47 per Allied Capital share.

Internet Gold (Nasdaq: IGLD) 32% HIGHER; see 012 Smile.Communications. Internet Gold owns 75.3% of 012 Smile.

PrivateBancorp, Inc. (NASDAQ: PVTB) 31.9% LOWER; reports Q3 loss of $0.68, versus the analyst estimate of $0.08. Interest income for the quarter was $125.69 million, versus $109.81 million for the same quarter 2008.

ION Geophysical Corporation (NYSE: IO) 30.5% HIGHER; the company and BGP Inc. announced they have signed a term sheet to create a joint venture that will provide land seismic products worldwide. As part of the deal, ION will significantly enhance its financial position through total cash proceeds of $175 million from BGP. BGP will receive a 51 percent interest in the joint venture and an approximate 16.66 percent interest in ION. Prior to the joint venture closing, ION will also receive up to $40 million of bridge financing arranged by BGP.

ParkerVision, Inc. (Nasdaq: PRKR) 26.9% HIGHER; announced today that it has successfully delivered sample 3G mobile handsets incorporating its d2p radio frequency integrated circuits to its commercial chipset customer. The performance of these sample handsets was tested, verified and accepted by the chipset customer, a licensee of ParkerVision's d2p and d2d(TM) technologies. The sample handsets were assembled for the purpose of verifying the d2p technology in working mobile handset implementations, testing the technology in actual network operation, and creating sales samples for handset OEM/ODMs who purchase chipsets from ParkerVision's licensee.20.76.9% LOWER; reports a Q4 loss of $0.27 compared to a loss of $0.28 for the same period last year. Revenues were $34.46 million compared to $42.1 million for Q4 of last year.

Frederick's of Hollywood Group Inc. (Amex: FOH) 20.7% LOWER; reports a Q4 loss of $0.27 compared to a loss of $0.28 for the same period last year. Revenues were $34.46 million compared to $42.1 million for Q4 of last year.

ING Groep (NYSE: ING) 18.5% LOWER; downgraded from Buy to Hold at Keijser Capital.

Atlas Air Worldwide Holdings Inc. (Nasdaq: AAWW) 17.5% LOWER; reports Q3 EPS of $0.70, 13 cents better than the analyst estimate of $0.57. Revenue for the quarter was $255.48 million, which compares to the estimate of $237.36 million.

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