Takeover speculation boosts Pixar shares

Pixar shares rose the most in almost two months amid speculation the computer-animation film studio may be purchased, possibly by distribution partner Walt Disney Co., Jefferies & Co. analyst Robert Routh said.

Pixar added $4.20, or 7.8 percent, to close at $58.16 on the Nasdaq Stock Market, the biggest one-day percentage gain since Nov. 9. Most of the rise occurred in the last 40 minutes of trading.

Routh, who doesn’t own Pixar shares, declined to say whether he thought a takeover may occur. He said there was also talk Pixar may announce a new movie-distribution pact with Disney. Under their current agreement, Disney distributes Pixar films. The two split costs and profit equally after Disney gets a distribution fee.

Pixar spokesman Nils Erdmann and Disney spokeswoman Michelle Bergman would not comment.

Mr. DAPs

Mr. DAPs

Founder at DAPs Magic
Mr. DAPs is the founder of DAPs Magic continues to run its day to day operations. He can be regularly found at Disneyland donning his hat and bow tie as he takes pictures and enjoys the Happiest Place on Earth. He is also a host on Geeks Corner - the Webshow and anchors news stories for DAPs Magic's YouTube channel. You can also find him posting regularly on Twitter and Instagram. He'd love to connect with you so make sure and say hi!
Mr. DAPs

Mr. DAPs

Mr. DAPs is the founder of DAPs Magic continues to run its day to day operations. He can be regularly found at Disneyland donning his hat and bow tie as he takes pictures and enjoys the Happiest Place on Earth. He is also a host on Geeks Corner - the Webshow and anchors news stories for DAPs Magic's YouTube channel. You can also find him posting regularly on Twitter and Instagram. He'd love to connect with you so make sure and say hi!

Share your thoughts!