Unusual 11 Mid-Day Movers 03/12: (TUDO) (PCBC) (JVA) Higher; (ANTH) (TZYM) (DYN) Lower

March 12, 2012 1:24 PM EDT
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Tudou Holdings Limited (Nasdaq: TUDO) 146.4% HIGHER; Youku and Tudou entered an agreement whereby Youku will acquire Tudou for 1.595 Youku ADS per Tudou Class A share, or about $1 billion in total.

Pacific Capital Bancorp (Nasdaq: PCBC) 57.0% HIGHER; UnionBanCal Corporation entered into a definitive agreement to acquire Pacific Capital for $46 per share in cash.

Anthera Pharmaceuticals, Inc. (Nasdaq: ANTH) 46.3% LOWER; reported last Friday that the VISTA-16 Data Safety Monitoring Board (DSMB) has recommended stopping the VISTA-16 clinical study due to a lack efficacy that could not be reasonably overcome in the remainder of the trial. The DSMB's recommendation was based on a review of the totality of the safety and efficacy data available for the VISTA-16 clinical study. Shares were downgraded by Cowen and Citi Monday.

Tranzyme Pharma (Nasdaq: TZYM) 42.2% LOWER; Tranzyme and Norgine B.V. today announced top-line results of the primary analysis of ULISES 007, the first of two Phase 3 pivotal trials evaluating ulimorelin. The trial failed to meet its primary and secondary efficacy endpoints. For more color, click here.

Coffee Holding Co. (Nasdaq: JVA) 27.8% HIGHER; CEO Andrew Gordon presented at the 24th Annual Roth Investor Conference today. To view the presentation, click here.

Youku Inc. (NYSE: YOKU) 23.6% HIGHER; see Tudou above.

ZOLL Medical Corporation (Nasdaq: ZOLL) 23.6% HIGHER; Asahi Kasei Corporation and ZOLL Medical jointly announced that Asahi Kasei, Japan’s leading diversified chemical manufacturer with businesses in the health care, chemicals & fibers, homes & construction materials, and electronics sectors, has entered into a definitive merger agreement with ZOLL, a manufacturer of resuscitation and critical care devices and related software solutions, pursuant to which Asahi Kasei will acquire ZOLL for approximately $2.21 billion. The transaction has been approved by the Boards of Directors of both companies.

Dynegy (NYSE: DYN) 17.3% LOWER; BTIG downgraded Dynegy from Buy to Neutral. For more color, click here.

Velti plc (Nasdaq: VELT) 17.2% HIGHER; reported Q4 EPS of $0.59, $0.11 better than the analyst estimate of $0.48. Revenue for the quarter came in at $87.1 million versus the consensus estimate of $81.83 million. The company sees Q1 2012 revenue of $44-$48 million, versus the consensus of $44.97 million. Velti also sees FY2012 revenue of $280-$295 million, versus the consensus of $280.98 million.

Verso Paper Corp. (NYSE: VRS) 15.2% LOWER; after moving 21 percent higher last Friday, Verso is seeing some profit taking Monday. Shares are still up about 73 percent since last Wednesday.

Lime Energy Co. (Nasdaq: LIME) 7.8%LOWER; Lime is continuing lower Monday following a 6.5 percent drop last Friday on its quarterly numbers.

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