Morning Market Movers

Tudou Holdings Ltd TUDO shares advanced 152.57% to $38.87 at 9:45 am. Youku Inc YOKU announced its plans to buy Tudou in a 100% stock-for-stock transaction. Pacific Capital Bancorp PCBC surged 57.62% to $45.22. UnionBanCal Corp announced its plans to buy Pacific Capital for $46 per share in cash. Clean Diesel Technologies Inc CDTI climbed 36.01% to $4.23. CDT posted its Q4 income from operations of $0.2 million, versus a year-ago loss from operations of $3.9 million. Ku6 Media Co Ltd KUTV surged 32.02% to $2.7725. KUTV shares have declined 38.05% over the past 52 weeks, while the S&P 500 index has gained 5.75% in the same period.