Notable Stock Deals of The Day (OCNW, CLU, DIGA, GME)

Occam Networks, Inc (NASDAQ:OCNW) moved up 36.67% to $7.23

Calix Inc is acquiring Occam Networks Inc for approximately $171 million. Calix expects to complete the acquisition in the fourth quarter of 2010 or first quarter of 2011.

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Occam Networks Inc develops, markets and supports broadband access products. These products are designed to enable telecom service providers to offer bundled voice, video and high-speed Internet services over both copper and fiber optic networks.

Cellu Tissue Holdings, Inc (NYSE:CLU) augmented over 49.43% in the early morning trade and it currently trades at $11.85 on 5.54 million shares.

Clearwater Paper Corp will acquire Cellu Tissue in cash for about $502 million, including approximately $255 million of debt. The shareholders of Cellu Tissue will receive $12 for each share. This deal is expected to close in the fourth quarter 2010.

Cellu Tissue Holdings, Inc is a North American producer of tissue products. The Company manufacture rolls of tissue, from purchased pulp and recycler fiber.

Digital Angel Corporation (NASDAQ:DIGA) is one of the top percentage gainer in the early trading hours. The stock climbed up 26.41% to $0.493.

PositiveID Corporation has proposed an offer to Digital Angel Corporation to buy all the outstanding shares of the Company’s stock for $0.60 per share. This price reflects 60% premium to average closing of 20 days ending on 14 September 2010.

Digital Angel Corporation deals in the development and marketing of radio frequency identification (RFID) and global position systems (GPS). This enables identification and location products.

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GameStop Corp (NYSE:GME) escalated 5.38% to $19.59 on a thickly traded volume of 4.80 million shares.

The share moved up after the approval of Board Of Directors to buyback funds for around $500 million. The Company plans to buyback shares of  $300 million and redeem $200 million senior notes.

GameStop Corp is a retailer of video game products and personal computer entertainment software. The Company sells new and used video game hardware, video game software and accessories and related accessories and other merchandise.

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