Bluefly Soars to 45.5% on Soros' Takeover Announcement - TheStreet

Internet retailer

Bluefly

(BFLY)

was up 45.5% in preopen

Island

trading after

The New York Times

reported that financier George Soros' hedge fund group will announce a takeover of the company.

A Soros-affiliated fund took a 15% stake in Bluefly in March in exchange for $15 million in financing.