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UnumProvident (UNM) - Get Unum Group Report surged on speculation the Chattanooga, Tenn.-based group life insurer could be an acquisition target, according to a published report.

Reuters

reported that Canada's

Sun Life Financial

(SLF) - Get Sun Life Financial Inc. Report

could be the buyer in a possible takeover deal for UnumProvident. Shares were trading up $1.91, or 9.6%, to $21.79.

FMS Financial

(FMCO)

climbed on news the Burlington, N.J.-based bank is being acquired by

Beneficial Mutual Bancorp

for about $183.2 million. FMS shareholders will receive $28 a share, in the form of stock, cash or a combination of cash and stock. The deal represents a modest 5% premium to FMS' Thursday closing price of $26.75. Shares were trading up $4.90, or 18.3%, to $31.65.

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Financial Federal

(FIF) - Get First Trust Energy Infrastructure Fund Report

gained after the New York-based credit services company was upgraded by Ferris Baker Watts to buy from neutral. Shares gained 65 cents, or 2.4%, to $27.94.

Morgan Stanley

(MS) - Get Morgan Stanley (MS) Report

continues to do some window-shopping along hedge fund row.

The Wall Street Journal

says the big Wall Street firm is now looking at buying a 20% equity stake in

Avenue Capital Group

, a hedge fund that specializes in buying and selling distressed bonds. Morgan Stanley and Avenue Capital, a fund with $12 billion in assets, reportedly are in advanced talks. News of Morgan Stanley's interest in Avenue Capital comes just days after the Wall Street firm renewed talks with another hedge fund, FrontPoint Partners, about buying an equity stake. Shares of Morgan Stanley fell 2 cents to $76.33.

CBOT Holdings

( BOT) gained after the parent company of the Chicago Board of Trade said agricultural futures and options trading set a volume record Thursday for the second time this month. The new record, 976,685 contracts, surpassed the previous high mark of 929,546 contracts set on Oct. 5. Shares gained $4.16, 3.2%, to $134.05.