Shares in TV maker Loewe jump on Apple bid talk
Home page > News

Shares in TV maker Loewe jump on Apple bid talk

www.reuters.com   | 14.05.2012.

FRANKFURT (Reuters) - Shares in German luxury TV maker Loewe jumped 24 percent on Monday on market talk of a potential offer from Apple.
Shares in TV maker Loewe jump on Apple bid talk

Web blog AppleInsider cited a person familiar with the matter as saying Apple was willing to pay 87,3 million euros ($113 million), or a 48 percent premium on Loewe's closing price on Friday of 4.5390 euros.

Both Apple and Loewe could not immediately be reached for comment.

Loewe has a market capitalization of 59.1 million euros, according to Thomson Reuters data. ($1 = 0.7726 euros)

(Reporting by Harro ten Wolde)


Comments (0) Add Your comment Add news < Previous news Next news >






  Add your news >>>