Unusual 11 Mid-Day Movers 12/22: HCD, PALM, IRE, HUN Higher; EMAG, GW, FRG, MPG Lower Dec 22, 2008 12:22PM

Emageon Inc. (Nasdaq: EMAG) 42.3% LOWER; today announced that it has formally demanded a closing of its pending merger with Health Systems Solutions, Inc. (OTCBB: HSSO) by Tuesday, December 23, 2008.

Grey Wolf Inc. (NYSE: GW) 38.2% LOWER; falls ahead of shareholder vote on merger with Precision Drilling Trust (NYSE: PDS).

Highland Distressed Opportunities, Inc. (NYSE: HCD) 36.8% HIGHER; Friday after the close announced that its Board approved a reorganization of the Company into Highland Credit Strategies Fund (NYSE: HCF), a nondiversified closed-end management investment company also managed by Highland Capital Management, L.P. The closing of the ...