Microtune, JA Solar: Volume Movers

[MarkedFeed]

BOSTON (TheStreet) -- Microtune was one of several stocks trading below $5 that traded on above-average volume Wednesday after a $166 million bid for the cable and digital television receivers company was announced.

Microtune rallied by nearly 20% after chipmaker Zoran said it will pay $2.92 in cash for each share of Microtune's common stock in a transaction price of approximately $166 million, or $84 million net of cash acquired.

Zoran said it expects the acquisition to be accretive immediately following the close of the deal, which is expected to be in the fourth quarter of 2010....



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