Fast Money Traders Share Their Opinion On Stocks Making Headlines

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Speaking
on CNBC's Fast Money
, Josh Brown said that traders who bought
Dreamworks Animation Skg IncDWA
before the 26.03 percent increase in price on Monday can hold their positions. The stock spiked on the news of a possible acquisition by SoftBank, which offered $32 per share to purchase the company. Brown explained that the board hasn't yet decided to accept the offer and that is the reason why
Dreamworks Animation Skg Inc
is still trading with a discount to SoftBank's offer.
Encana Corporation (USA)ECA
announced on Monday that it made a $5.9 billion offer, or $58.50 per share, to purchase
Athlon Energy IncATHL
. Stephanie Link likes the deal because
Encana Corporation
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has a great balance sheet and the purchase will bring higher margins and growth.
NiSource Inc.NI
surged 5.86 percent on the news that its natural gas pipeline business is going to spin off to become its own publicly traded company. Joe Terranova said that the natural inclination is to get out of the stock, but he thinks that it would be a good idea to stay long.
Tibco Software Inc.TIBX
jumped 21.22 percent after the company announced its sale to Vista Equity Partners. Pete Najarian said that there were a lot of rumors about a potential takeover of this company. The stock is trading at $23.65, below the takeover price of $24.
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Posted In: CNBCMediaJoe TerranovaJosh BrownPete NajarianStephanie Link
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