The Board of Directors of Commtouch Software Ltd (NASDAQ: CTCH) named Shlomi Yanai as its chief executive officer.
Shares of Adolor Corporation (NASDAQ: ADLR) jumped about 130% after Cubist Pharmaceuticals Inc (NASDAQ: CBST) announced its plans to acquire all of the outstanding shares of Adolor for $4.25 per share in cash.
Shares of RightNow Technologies Inc (NASDAQ: RNOW) surged about 19% after Oracle Corp (NASDAQ: ORCL) announced its plans to buy RightNow Technologies for $43 per share, or around $1.5 billion. Oracle expects the deal to close late this year or early next year.
Shares of Mattel Inc (NASDAQ: MAT) rose about 0.8% after the company announced its plans to buy HIT Entertainment for $680 million in an all-cash deal. Mattel expects the deal to close in first-quarter 2012.
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