DWA Chatter Reignites Lions Gate Buyout Notions -- Market Talk
Sep 29, 2014 10:00:00 (ET)
10:00 EDT - Lions Gate (LGF) shares up 1.8%, earlier up more than 3%, perhaps as investors consider it a buyout target following reports that SoftBank is talking to DreamWorks Animation (DWA) about a possible buyout. Analysts had been looking for months at Vancouver-based (LGF) as a potential tax inversion target for a US company. Still Don Bilson, head of event-driven research at Gordon Haskett Research Advisors, who has often pointed to LGF as a target in his newsletter and did so again this morning, cited Netflix (NFLX) as a potential buyer. Mr. Bilson said that one issue with a possible takeover is the company's chairman and 37% owner Mark Rachesky. "We figure Rachesky would have to be blown away by an offer." (maureen.farrell@wsj.com)
(END) Dow Jones Newswires
September 29, 2014 10:00 ET (14:00 GMT)
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