Velan at 52-Week High on Merger News

Velan Inc. (T.VLN) hit a new 52-week high of $12.72 Friday. Velan and Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, have entered into a definitive agreement under which Flowserve will acquire Velan in an all-cash transaction valued at approximately $329 million.

Arbor Metals Corp. (V.ABR) hit a new 52-week high of $2.97 Friday. No news stories available today.

Callinex Mines Inc. (V.CNX) hit a new 52-week high of $3.43 Friday. No news stories available today.

Defense Metals Corp. (V.DEFN) hit a new 52-week high of 37.5 cents Friday. No news stories available today.

Reitmans (Canada) Limited (V.RET) hit a new 52-week high of $4.80 Friday. No news stories available today.

Smart Employee Benefits Inc. (V.SEB) hit a new 52-week high of 29.5 cents Friday. No news stories available today.

Zedcor Inc. (V.ZDC) hit a new 52-week high of 66 cents Friday. No news stories available today.

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