“NEW YORK (MarketWatch) — Shares of the following companies were among those making notable moves in Monday’s market session:
Advancers
AOL Inc. AOL +45.33% shares surged 42% after the search engine said it agreed to sell more than 800 of its patents and related applications to Microsoft Corp. MSFT -0.94% and would give Microsoft a nonexclusive license to the patents it still holds, at a price of just more than $1 billion in cash.
Carrollton Bancorp’s CRRB +23.46% shares rallied 23% after the parent of Carrollton Bank said it would merge with Jefferson Bancorp Inc.
Great Wolf Resorts Inc. WOLF +11.40% shares rose 12% after private-equity firm KSL Corp. increased its offer for the operator of indoor water recreation parks by 12% to $234 million, trying to top a rival effort by Apollo Group Management.
Zep Inc. ZEP +0.70% shares climbed 3% after the maker of disinfectants and pest-control products reported second-quarter earnings that beat expectations.
Decliners
Centene Corp. CNC -13.66% shares fell 13% after the provider of health insurance said it was notified a subsidiary had not been awarded a contract to continue serving Medicaid members in Ohio, starting early next year.
Zhongpin Inc.’s HOGS -5.98% U.S.-listed shares declined 5% after federal regulators on Friday froze the accounts of six people accused of insider trading involving shares of Chinese pork processor. “
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