ATS Medical, Inc. (NASDAQ: ATSI) 53.7% HIGHER; Medtronic, Inc. (NYSE: MDT) and ATS Medical announced that the companies have signed a definitive agreement under which Medtronic will acquire ATS Medical by paying $4.00 per share in cash for each share of ATS Medical stock. The total value of the transaction is expected to be approximately $370 million, which includes the purchase of ATS Medical stock and assumption of net debt.

Pacific Capital Bancorp (Nasdaq: PCBC) 44.8% LOWER; announced today that it has entered into a definitive agreement with SB Acquisition Company LLC, a wholly-owned subsidiary of Ford Financial Fund,