This Morning’s Biggest Advances and Decliners

Source

Avon Products Inc.’s AVP +18.13%  shares rallied 19% to $23.05 after the seller of beauty products confirmed an unsolicited bid of about $10 billion, or $23.25 a share, from Coty Inc., but said it rejected the offer.

Express Scripts Inc.’s ESRX +4.30%   shares rose 4.8% and Medco Health Solutions Inc. MHS +2.01%   rose 2% after the Federal Trade Commission cleared their merger.

Winner Medical Group Inc.’sWWIN +19.70%  U.S.-listed shares rose 20% to $4.08 a piece after the Chinese exporter of medical dressings and other products made of cotton said its chairman and chief executive officer offered to take the company private for $4.30 a share.

Decliners

AVI BioPharma Inc.’s AVII -18.83%   shares declined 20% to $1.23 each after a small trial of its potential drug to treat muscular dystrophy met its goal of raising a protein level, yet failed to show impact on the ability to walk.

Groupon Inc.’s GRPN -11.86%   shares slid nearly 12% after Stifel Nicolaus downgraded the online-coupon company to sell from hold. Groupon late Friday said it was revising first-quarter results after realizing it had not reserved enough to cover customer refunds.

Keryx Biopharmaceuticals Inc.’s KERX -65.59%   shares dived 66% to $1.68 a piece after it and Canadian biotech company Aeterna Zentaris Inc. CA:AEZ -65.42%   said their experimental treatment for colorectal cancer failed to meet the main goal in a late-stage study.