Rumor DG FastChannel (DGIT) Could Buy Point.360 (PTSX) Following Buying Large Stake

Point.360 (Nasdaq: PTSX) is up 37% after DG FastChannel (Nasdaq: DGIT) bought 1.1 million shares of the company at a healthy premium from large shareholder Midwood Capital. It would seem DGIT could be targeting PTSX for a takeover. More at 13DTracker