52-Week Stock Achievers: ICE, JACK, LGF, LINTA, MMI

Intercontinentalexchange (NYSE:ICE): The board of the London Metal Exchange is meeting today to review non-binding bids, and may face lower offers because bourse users oppose its plans for higher fees, reports Reuters. But sources say the LME is likely to make concessions on fees and delay introduction by a few months. Bidders may include CME Group (NASDAQ:CME), Hong Kong Exchanges and Clearing, NYSE Euronext (NYSE:NYX) and the InterContinental Exchange (NYSE:ICE). The shares closed at $139.26, up $6.11 or 4.59% on the day. They have traded in a 52-week range of $102.57 to $135.38.

Jack In The Box Inc. (NASDAQ:JACK): Says continuing to see strong SSS in Q2. Comments made on the Q1 earnings conference call. The shares closed at $23.03, down $0.72 or 3.03% on the day. They have traded in a 52-week range of $18.25 to $24.17.

Lions Gate Entertainment (NYSE:LGF): In one of the largest recent sitcom deals in the territory, Tele Munchen Group has acquired rights to the upcoming sitcom ANGER MANAGEMENT for Germany, Austria and German speaking Switzerland from Lionsgate’s international television division, the two companies announced. ANGER MANAGEMENT marks Charlie Sheen’s first return to serialized television since his departure from the CBS’ hit series “Two and a Half Men” a little over a year ago. The shares closed at $12.90, up $0.35 or 2.79% on the day. They have traded in a 52-week range of $5.69 to $12.75.

Liberty Media Corp. (NASDAQ:LINTA): Liberty Interactive Corporation announced that its board of directors has approved the recapitalization of its common stock into shares of the corresponding series of two new tracking stocks, Liberty Interactive and Liberty Ventures. The Liberty Interactive tracking stock group initially will have attributed to it QVC, the eCommerce companies, a 34% stake in HSN, approximately $500 million of cash, $2 billion principal amount of QVC’s bonds, QVC’s $2 billion bank credit facility and approximately $1.1 billion principal amount of Liberty’s publicly traded senior notes and debentures. Cash to be attributed to Liberty Interactive and Liberty Ventures will come from various sources including cash on hand, cash from operations and proceeds from QVC’s bank credit facility with an expected balance at closing of $1.3-1.5 billion. The shares closed at $18.39, up $0.42 or 2.34% on the day. They have traded in a 52-week range of $12.44 to $18.65.

Motorola Mobility (NYSE:MMI): Google (NASDAQ:GOOG) will likely name Dennis Woodside as the new CEO of Motorola Mobility (NYSE:MMI), when Google;’s acquisition of that company closes, according to Bloomberg. Woodside was Google’s head of ad sales in the Americas before he left that job to oversee the merger with Motorola, the news service added. The shares closed at $39.73, down $0.01 or 0.03% on the day. They have traded in a 52-week range of $20.77 to $39.74.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com