Updated from 1:55 p.m. EST with new stock pricesSmall-cap stocks were trading out of negative territory by midday Monday in a move that closely reflected the broader market's action. The Russell 2000 and S&P SmallCap 600 both added approximately 2%, to 702.31 and 367.51, respectively. Shares of Houston-based Landry's Restaurants ( LNY) rose 22.7% to $20.45 on news that CEO Tilman Fertitta made an offer to buy the company for $1.3 billion, or $23.50 a share. The proposal represents a 41% premium over Landry's stock closing price Friday. Kellwood ( KWD) also rose on takeover news. The St. Louis apparel and camping products vendor saw shares climb 18.6% to $20.28 after it announced Sunday night that it would allow shareholders to decide on a tender offer of $21 a share from Sun Capital. Sun Capital expressed its pleasure with the decision this morning in a press release. On the losing side, Ceragon Networks ( CRNT) shares fell 16.9% to $8.58 on less-than-knockout fourth-quarter earnings. Non-GAAP income for the Israeli maker of point-to-point wireless backhaul solutions was $4.9 million, or 14 cents a share, in line with analysts' expectations and up from $2.7 million, or 9 cents a share, in 2006. YRC Worldwide ( YRCW) also fell on fourth-quarter earnings, losing 14.7% to $16.08. Excluding charges, the Overland Park, Kan.-based trucker announced earnings per share of a penny. Revenue for the quarter was $2.35 billion, down from $2.4 billion a year ago. Analysts polled by Thomson Financial, who typically do not include charges in estimates, expected EPS of 54 cents. Also slipping was Systemax ( SYX), a Port Washington, N.Y., direct marketing company. A Jan. 28 Barron's article suggested that share price may be impacted by inquiries into its rebate-accounting practices. These inquiries include an investigation by Florida's attorney general. Shares fell 13% to $13.56.