Morning Market Movers
MEMSIC (NASDAQ: MEMS) shares advanced 71.26% to $2.98 at 9:50 am. MEMSIC received an unsolicited, non-binding proposal from IDG-Accel China Growth Fund II LP to buy all outstanding shares of common stock of MEMSIC for $4.00 per share.
China Digital TV Holding Co (NYSE: STV) surged 75.65% to $2.83. China Digital TV posted a Q3 net loss of US$ 0.19 per ADS.
NTS Realty Holdings LP (AMEX: NLP) climbed 40.19% to $6.94. NTS Realty received a letter from its founder and Chairman, Mr. J.D. Nichols, and its CEO, Mr. Brian F. Lavin, revising the non-binding proposal for a going private transaction.
Net Element International (NASDAQ: NETE) surged 16.73% to $5.93. Net Element had $1.53 million in total cash for the latest quarter.
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