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Deal Talk Lifts DreamWorks Animation Shares

September 29, 2014, 09:49 AM

UPDATE, 9:24 AM: DreamWorks Animation shares are up 22.1% mid-day on reports that SoftBank might buy the independent studio. But the trading price, at about $27.30, remains well below the $32 under discussion, suggesting that there’s still some skepticism that the deal will happen. That price “would be a gift to current DreamWorks shareholders,” Cowen and Co’s Doug Creutz says. “We don’t see a lot of rhyme or reason to the pattern of vaguely related assets SoftBank is rolling up; thi...

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