Advancers

Adeza Biomedical Corp. (NASDAQ-NMS:ADZA) (ADZA) shares soared 53% Monday after the company agreed to be bought by Cytyc Corp. (NASDAQ-NMS:CYTC) (CYTC) for $24 a share, or approximately $450 million, Cytyc (NASDAQ-NMS:CYTC) will fund the purchase through existing cash, the cash on Adeza's balance sheet, and existing credit facilities. The deal, which is subject to customary closing conditions and regulatory approvals, is expected to be completed before the end of March. Cytyc (NASDAQ-NMS:CYTC) said that, excluding one-time costs related to the acquisition, it expects the acquisition to be break-even to earnings in 2007 and at least accretive by 5 cents to 2008 earnings per share.

Apogee Enterprises (NASDAQ-NMS:APOG) (APOG) shares surged 10% after the company lifted its outlook for fiscal 2007, saying it now sees earnings of $1.04 to $1.10 a share. Its previous projection was for a profit of 98 cents to $1.04 a share for the year. The average estimate of analysts polled by Thomson Financial is for a profit of $1.01 a share in 2007. The Minneapolis-based glass products maker anticipates it will post revenue growth near the top of its prior range of 12% to 15%. For fiscal 2008, Apogee forecast earnings of $1.20 to $1.30 a share on revenue growth of 8% to 11%. Wall Street's current consensus estimate is for a profit of $1.19 a share in fiscal 2008.

Asta Funding (NASDAQ-NMS:ASFI) (ASFI) shares rose 10% after the company agreed to acquire a portfolio with a face value of $6.9 billion for a purchase price of $300 million. Asta said the portfolio is made up of primarily credit card accounts.

Brush Engineered (BW) shares jumped 33% after the company said its fourth- quarter earnings jumped to $30.3 million, or $1.48 a share, from $4.1 million, or 93 cents a share, a year earlier, boosted by a $21.3 million benefit related to the reversal of the company's deferred tax valuation allowance. The Cleveland supplier of metal products and engineered material systems said excluding the allowance, the company earned 44 cents a share. Revenue rose 48% to $207.8 million from $140.6 million a year ago. Analysts surveyed by Thomson Financial expected, on average, earnings of 41 cents a share on revenue of $189 million. Analyst earnings forecasts typically exclude unusual items. In addition, Brush Engineered said it expects 2007 sales to rise 25% to 30%to $950 million to $1 billion, with earnings of $3 to $3.75 a share, including a $1-per-share benefit from the sale of inventory.

Digital Music Group (NASDAQ-NMS:DMGI) (DMGI) shares leapt 34% after the company signed a revenue-sharing content agreement with YouTube. The deal calls for certain components of Digital Music's (NASDAQ-NMS:DMGI) video and music catalog to be made available by YouTube. Financial terms weren't disclosed.

Hansen Natural (NASDAQ-SMALL:HANS) (HANS) shares rose 6.1% after Longbow Research lifted its price target on the company to $54 from $43.

Hydril (NASDAQ-NMS:HYDL) (HYDL) shares leapt 15% after the manufacturer of pressure control products for oil and gas production agreed to be acquire by Tenaris S.A. for $97 a share in cash. The offer represents a premium of roughly 17% to Hydril's (NASDAQ-NMS:HYDL) closing share price last Friday. The deal is expected to close in the second quarter. Certain members of the Seaver family have agreed to vote Hydril (NASDAQ-NMS:HYDL) shares, representing roughly 22% of the combined votes rights, in favor of the merger, Luxembourg-based Tenaris said.

Shares of Lamson & Sessions (NYSE:LMS) (LMS) rose 7.4% after the company said its board hired Perella Weinberg Partners as financial adviser to explore "a range of strategic and financial alternatives" for the company.