Saks, Isle of Capri: Volume Movers
Saks shares rallied after after the U.K.'s Daily Mail reported that due diligence on Saks is almost complete and a cash bid of $1.7 billion, or $11 a share, could be tabled soon.
Shares of Saks jumped by $1.80, or 27.3%, to $8.40 in early trading. Volume toppd 4.24 million share in the first few minutes of trading, well above the average daily share volume of 3.62 million.
Elsewhere, Isle of Capri Casinos
Lions Gate Entertainment
Meanwhile, Skilled Healthcare Group
On Friday, the Superior Court of the State of California, County of Humboldt, denied Skilled Healthcare's motion for mistrial or a new trial on grounds of juror misconduct. The Court also granted an order for permanent injunction requiring Skilled Healthcare's California skilled nursing facilities to provide specified nurse staffing levels, comply with specified state and federal laws governing staffing levels and posting requirements, and provide reports and information to a monitor.
-- Written by Robert Holmes in Boston.
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