BCD Semiconductor Manufacturing Ltd (ADR)(NASDAQ: BCDS) among the top performers and the stock jumped up 94.69% to $7.75.Diodes Incorporated and BCD Semiconductor Manufacturing Limited announced that Diodes has entered into an Agreement and Plan of Merger to acquire BCD.BCD is a leading analog integrated device manufacturer incorporated in the Cayman Islands.Each American Depository Share which represents six ordinary shares of BCD, will be converted into the right to receive $8.00 in cash, without interest. The aggregate consideration will be approximately $151 million. The boards of both companies have approved the transaction. The transaction is expected to close late in the first quarter of 2013 or early in the second quarter.
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SGOCO Group Ltd(NASDAQ: SGOC) surged up 21.52% to $1.89.The Company provided an update. The Company's annual shareholders meeting will be held on December 28, 2012. The Company is transitioning to a "light-asset" business model.The Company has appointed Ms. Serena Wu as new Investor Relations Manager to enhance communication with the investment community.
Companhia Energetica Minas Gerais (ADR)(NYSE: CIG) decreased 4.26% to $10.96.The Board of Directors approved extraordinary dividends in the amount of BRL 1,600,000,000, corresponding to BRL 1.876492593 per share, to be paid in two installments. The first installmentof BRL 1,200,000,000, corresponding to BRL 1.407369445 per share will be paid out until January 15, 2013 and the second one of BRL 400,000,000, corresponding to BRL 0.469123148 per share will be paid out until June 30, 2013. The Company also approved own capital interest payment for fiscal year 2012 in the amount of BRL 1,700,000,000.
Smith & Wesson Holding Corporation(NASDAQ: SWHC) surged up 3.77% to $8.27. The Company announced that its Board of Directors has authorized an additional $15.0 million for common stock repurchases through June 30, 2013.The Company is a leader in firearm manufacturing and design.
Nokia Corporation (ADR)(NYSE: NOK) is down 0.74% to $4.02The Company is believed to be losing its market presence to its key rivals Apple Incand Samsung in the international market because of their sky rocketing sales of iPhone and Galaxy S3 respectively.The Company is largely planning a bitter revenge for its rivals via strengthening its market position in the emerging markets of South Asia with the introduction of Nokia Lumia 920.
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