Small Cap News Movers for 3/7/11

Accuray (NASDAQ: ARAY) and TomoTherapy Inc. (NASDAQ: TOMO) today announced that they have signed a definitive agreement under which Accuray will acquire TomoTherapy for $4.80 per share in cash and stock, or a total of approximately $277 million. The transaction combines the best-in-class technologies from two high-growth companies to create the premier radiation oncology company. he companies currently serve complementary patient populations that are treated by the same medical specialty. TOMO closed at $4.57, up 24.52%, on 19,052,063 traded shares.

James River Coal Company (NASDAQ: JRCC) today announced that it had net income of $78.2 million or $2.82 per fully diluted share for the year ended December 31, 2010 and net income of $25.9 million or $0.93 per fully diluted share for the fourth quarter of 2010. Peter T. Socha, Chairman and Chief Executive Officer, commented: “We have invested in our Company during the downturn, and are looking forward to seeing the benefit of these investments during the months and years to come.” The stock closed at $23.21, up 14.6%, on 6,239,266 traded shares.

Dehaier Medical Systems Ltd. (NASDAQ: DHRM) today announced its financial results for the fourth quarter and 12 months ended December 31, 2010. Revenue increased by 126% year-over-year to $6.7 million, up from $2.9 million in the fourth quarter of 2009. Net income attributable to the Company improved 145% to $1.5 million, or $0.32 per diluted share, compared with net income of $602,000, or $0.20 per diluted share in the fourth quarter of 2009. The stock closed at $6.18, up 12.36%, on 77,142 traded shares.

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