Major Acquisition Deal Sends Tibco Software Soaring

Einstein Noah Restaurant Group, Inc. NASDAQ: BAGL, Athlon Energy Inc NYSE: ATHL and Tibco Software Inc. NASDAQ: TIBX are the top-gaining billionaire stock picks midday this Monday. On the losing end are Civeo Corp NYSE: CVEO, Petroleo Brasileiro Petrobras SA ADR NYSE: PBR and KiOR Inc OTCMKTS: KIOR.

Sign Up For Our Free Newsletter


Tibco Software Climbs on Acquisition News

The share price of Einstein Noah Restaurant Group, Inc. ( BAGL) surged +50.34% early in the day today following news that it's been sold to German conglomerate JAB Holding Company in a deal worth $374 million. David Einhorn stands to make a nice profit on this one, as has maintained a position in BAGL across several quarters. As of the second quarter of this year, he owned 6.73 million shares.

Athlon Energy Inc ( ATHL) reached midday up +24.6%. The surge was spurred by news that Encana will purchase the oil and gas company for $5.93 billion. In Richard Chilton's portfolio since the third quarter of 2013, Athlon has climbed +81.16% over the past year.

Taking the third and final spot on today's list of midday gainers is Tibco Software Inc. ( TIBX), up +20.96%. The jump is again the result of a sale, this time to private equity firm Vista Equity Partners for $4.3 billion - the largest buyout in tech this year. With 5.78 million TIBX shares since Q2 2014, George Soros is likely to profit from the deal, as is fellow shareholder Ray Dalio.

Civeo Plunges

If you liked this article you might like

Diamondback Energy Will Be Profitable Even if Oil Prices Stay Low

Place Permian Basin Pure-Play Concho Resources on the Watch List

Why Encana’s Gas-to-Oil Transition Isn't Threatened by Price Drop

Surprising Stocks That Performed Best for Billionaires in 2014

Athlon Energy (ATHL) Hits New Lifetime High