Why Jack in the Box, LSB Industries and Others Are Gaining Ground Today?

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Thoma Bravo Approaches Infoblox For a Buyout

Shares of Infoblox Inc (NYSE:BLOX) have advanced by more than 22% on Thursday on the back of a Bloomberg report that claimed that the company was approached by technology-focused private equity firm Thoma Bravo for a buyout. In order to explore its options, Infoblox is considering to hire advisers, the report added. The alleged buyout offer comes three weeks after Starboard Value had acquired a massive 7.5% stake in Infoblox. Jack Ripsteen’s Potrero Capital Research owns 289,490 shares of Infoblox Inc (NYSE:BLOX). It is one of the 27 hedge funds having long positions in the company as of the end of last year. The total worth of these positions in approximately $267.7 million.

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Cheniere Energy Gets a New CEO

Cheniere Energy, Inc. (NYSEMKT:LNG)’s stock grew by more than 7% today after the company appointed Jack Fusco, an experienced power sector executive, as its CEO. Back in December, Cheniere Energy’s board ousted the company’s founder and CEO, Charif Souki, after pressure from billionaire investor Carl Icahn. Problems for Mr. Souki started when he proposed plans to cool natural gas into liquefied gas for exports, a digression from the company’s core plan. At the end of 2015, 54 investors, out of nearly 786 funds we track at Insider Monkey, had approximately $5.8 billion worth Cheniere Energy, Inc. (NYSEMKT:LNG)’s shares. Gifford Combs’s Dalton Investments owns 439,187 shares of the company, according to its 13F filing for the end of the March quarter.

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MGT Capital Buys Ownership Interest in Round House

MGT Capital Investments Inc. (NYSEMKT:MGT) soared more than 18% today after the company announced its acquisitions of ownership interest in technology incubator Round House. Round House in an Alabama-based incubator which offers co-working spaces, accelerator services and angel investment to startups. In a statement, MGT said that the deal gives a valuable pipeline to the company and an equity in first aid kit start-up RecMed First Aid. MGT Capital Investments said that it will have a chance to interact with a wide range of innovative and potentially disruptive companies in the Round House portfolio, from the areas of file sharing, chat and other applications. Only two hedge funds from our system reported long positions in MGT Capital Investments Inc. (NYSEMKT:MGT) as of the end of 2015.

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Disclosure: None

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