Morning Movers 7/23: MEDX, ISRG, SANM, AFFX, MNI, CCMP, SPF Higher; FREE, CRA, CTIC, MCO, CIT, PSUN, TEX Lower Jul 23, 2009 09:27AM

Medarex, Inc. (NASDAQ: MEDX) 89.2% HIGHER; Bristol-Myers Squibb Company (NYSE: BMY) and Medarex announced today that the companies have signed a definitive merger agreement providing for the acquisition of Medarex by Bristol-Myers Squibb, for $16.00 per share in cash. Click here for the full report.

FreeSeas Inc. (Nasdaq: FREE) 18.4% LOWER; announced the pricing of an offering of 8,731,436 shares of its common stock at $1.80 per share for gross proceeds of $15,716,585. The Company expects the offering to close on July 28, 2009. Proceeds from the offering will be used primarily for the acquisition of an additional drybulk vessel, as well as for the repayment of debt and general working capital purposes.

Celera Corporation (NYSE: CRA) 17.7% LOWER; said it expects to report revenue for the second quarter of 2009 in the range of $40 million to $42 million, below the consensus of $47.5 million. Click here ...