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Small-cap stocks were largely buoyant Tuesday, and one of the biggest winners was Cambridge Display Technology (OLED Quote).
Shares of the Britain-based company soared some 88% after Japan's Sumitomo agreed to buy it for a gigantic premium of $12 a share, or $285 million, in an all-cash deal that will likely close during the third or fourth quarter. Cambridge Display shares traded up $5.43 to $11.58.
Midwest Airlines (MEH Quote) also gained on M&A news. The Wisconsin-based company, which has been pursued by Airtran (AAI Quote) since late 2006 in the face of repeated rejection, now says it will begin discussions with the discount airline. AirTran's current bid is for around $15 a share in cash and stock. ...
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