Shares of Tudou Holdings Ltd (NASDAQ: TUDO) surged about 152% after Youku Inc (NYSE: YOKU) announced its plans to buy Tudou in a 100% stock-for-stock transaction. Upon completion of the transaction, the combined entity will be named Youku Tudou Inc.
Shares of MOCON Inc (NASDAQ: MOCO) rose about 3.1% after the company announced its plans to acquire PBI-Dansensor A/S (Dansensor) of Ringsted, Denmark. Dansensor recorded sales of around $19.3 million in 2011.
Shares of Sasol Ltd (NYSE: SSL) fell about 2.1% after the company reported an increase in its first half profit. Sasol's earnings attributable to shareholders for the period surged 83% to 13.9 billion rand, versus ZAR7.6 billion, in the year-ago period. Sasol's operating profit jumped to ZAR20.48 billion from ZAR12.02 billion. Sasol also declared an interim dividend of ZAR5.70 per share.
Shares of Zoll Medical Corp (NASDAQ: ZOLL) surged about 23.7% after Japan's Asahi Kasei Corp (OTC: AHKSY) agreed to acquire Zoll Medical in a deal valued at $2.21 billion. Asahi Kasei will buy Zoll Medical for $93 per share in a tender offer. The offer price represents a 24% premium to Zoll Medical's last closing share price.
Shaes of Pacific Capital Bancorp (NASDAQ: PCBC) surged about 57% after UnionBanCal Corp announced its plans to buy Pacific Capital for $46 per share in cash. The offer price represents a 60% premium over PCBC's closing price of $28.69 per share on Friday.
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