Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Yongye International, Inc (UNKNOWN:YONG.DL) jumped 13% today after the company disclosed a proposed increased merger price.

So what: A consortium including Full Alliance International, Yongye, and Yongye International Merger Sub Limited submitted an increased offer for publicly held shares from $6.69 to $7 per share. Shareholders did not approve the previous offer. 

Now what: Potential mergers in China have been known to come across multiple obstacles, including the inability to close on buyouts like this. This time, it looks like it's shareholders' complaints that the buyout isn't high enough, which may still be the case after the increased offer. There's about $0.20 per share in upside if the deal goes through, but keep in mind that, if you hold shares after today, you should do so as a long-term investor, because there's limited upside if the merger happens at $7.