“Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on market talk of a potential offer from Apple,” Reuters reports.
“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 per share,” Reuters reports. “A spokesman for Loewe said that management at the moment has no indication or information that Apple wants to participate in Loewe. Apple declined to comment.”
Reuters reports, “Loewe shares were up 30 percent by 0845 GMT at 5.92 euros. Trading volumes were more than three times its 90-day average. A German trader said such a deal could make sense. ‘Look at Loewe’s design. That is a big ‘yes,’ I would say. The only problem is Loewe makes its TVs in Germany.'”
Read more in the full article here.
Related articles:
German TV maker Loewe denies Apple acquisition rumor – May 13, 2012
RUMOR: Apple in talks to acquire German HDTV maker Loewe – May 12, 2012
“The only problem is Loewe makes its TVs in Germany.”
Maybe that wil put perspective into the German court’s indiscretion
This rumor has been denied by Loewe
Gee, so if I know someone at one of these blog sites or rumor sites, and get them to post a rumor that Apple is buying Panasonic, and if I put my billions into Panasonic stock, I will make more billions when the stock skyrockets?
Not saying anyone is doing anything funny here, just saying..
Hugh
A spokesman for Loewe said that management at the moment has no indication or information that Apple wants to participate in Loewe
I knew that LAST WEEK! So DayTraderTards are buying up Loewe stock anyway? Um, WHY?! Oh yeah. You love your rumors, even after they’ve been debunked. It ‘feels’ good to follow bogus rumors to their illogical conclusions, doesn’t it. 😯