M&A activity boosts markets

Merger and acquisition activity boosted the markets during the midday with the Dow surging 146 points to 18,002. Nasdaq gained 13 points to 4,940.

On the upside

Gaming and Leisure Properties (NYSE: GLPI) offered to buy Pinnacle Entertainment's (NYSE: PNK) real estate assets in a deal valued at approximately $4.1 billion including the assumption of debt.

Green Plains (Nasdaq: GPRE) subsidiary Green Plains Partners filed for a proposed initial public offering.

RBC Capital upgraded AVEO Pharmaceuticals (Nasdaq: AVEO) from an Underperform rating to a Sector Perform rating.

On the downside

Meru Networks (Nasdaq: MERU) reported a loss for the fourth quarter.

Shares of Lumber Liquidators (NYSE: LL) fell again as another lawsuit was filed against the company.

Another class action lawsuit was filed against 500.com (NYSE: WBAI).

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 9 points to 2080. Bitcoin rose $12 to $285.
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