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Tuesday, September 30, 2014

Deals of the day- Mergers and acquisitions, (NASDAQ: DWA)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: ** Japan's SoftBank Corp's talks to acquire Hollywood studio DreamWorks Animation SKG Inc have cooled, a SoftBank source and banking sources in Japan said.** SoftBank has been in talks to take a minority stake in privately held movie studio Legendary Pictures, entertainment trade publication The Hollywood Reporter reported.

DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets. Shares of DWA traded higher by 26.03% or $5.82/share to $28.18. In the past year, the shares have traded as low as $19.20 and as high as $36.01. On average, 1404620 shares of DWA exchange hands on a given day and today's volume is recorded at 19501196.