On the upside
Caribou Coffee (Nasdaq: CBOU) received an acquisition offer of approximately $340 million in cash from Joh. A. Benckiser.
OCZ Technology (Nasdaq: OCZ) introduced a beta test program for its Linux Acceleration Software caching storage solution.
On the downside
Nam Tai Electronics (NYSE: NTE) declared a quarterly dividend of $0.15 per share payable on January 31, 2013 to shareholders of record December 31, 2012 but the stock price fell. BMO Capital cut its price target on Peabody Energy (NYSE: BTU) from $36.50 to $32.
Canaccord Genuity downgraded SandRidge Energy (NYSE: SD) to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 12 points to 1425.