Mid-Day Market Movers (SKH, SKS, LGF, FSGI)
Skilled Healthcare Group Inc (NYSE: SKH) jumped 24.70% to $3.08 at 10:39 am. The Humboldt County Superior Court of California has denied the request of SKH for a new trial in a case that accused the company of violating the safety codes.
Saks Incorporated (NYSE: SKS) climbed 23.03% to $8.12. UK's Daily Mail has reported that SKS is likely to receive a $1.7 billion cash bid from a group of US and UK private-equity firms.
Lions Gate Entertainment Corporation (NYSE: LGF) shares advanced 12.94% to $7.33. Investor Carl Icahn has raised its offer to $7.50 per share from his earlier offer of $6.50 per share.
First Security Group Inc (NASDAQ: FSGI) shares surged 12.08% to $1.67. FSGI’s shares have lost 62.09% over the past 52 weeks, while the S&P 500 index has gained 2.77% in the same period.
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