“Shares in German luxury TV maker Loewe surged on talk of a bid from Apple, rumours that first surfaced in May last year,” Reuters reports. “‘Apple supposedly wants to bid 4 euros a share for Loewe,’ said a trader.”
“Shares in the maker of high-end home entertainment sets, founded in 1923 in Berlin, rose 33 percent to 3.63 euros ($4.89) by 1440 GMT, having hit 3.93, valuing the company at 53 million euros,” Reuters reports. “A Loewe spokesman said it was unaware of any offer. An Apple declined spokesman declined to comment.”
Reuters reports, “Sharp owns 28 percent of Loewe shares, and Loewe’s management owns 13 percent. A further 11 percent are held by LaCie, while 49 percent of the company’s shares are freely traded, according to Thomson Reuters data.”
Read more in the full article here.
MacDailyNews Take: Welcome to May 12-14, 2012. Maybe this rerun has a new ending?
Related articles:
Shares in German TV maker Loewe jump on Apple buyout talk – May 14, 2012
German TV maker Loewe denies Apple acquisition rumor – May 13, 2012
RUMOR: Apple in talks to acquire German HDTV maker Loewe – May 12, 2012
Deja vu
+1
Deja vu. All over again.
But why would Apple need this? Why wouldn’t they simply subcontract Foxcon or whomever like everything else?
Does Loewe own some kind of IP Apple needs or wants?
Deja vu. All over again.
But why would Apple need this? Why wouldn’t they simply subcontract Foxconn or whomever like everything else?
Does Loewe own some kind of IP Apple needs or wants?
I have owned Lowee TV’s for some years now. They are fantastic & always way ahead of anything else. Best TV’s out there.
Plasma or LCD?
Loewe makes fantastic TVs! Mine is a mere Sony. 🙁
The CNET article actually quotes the 2012 AppleInsider rumor.
This is NOT news. (I guess that makes it “olds” 🙂 )
Personally, if Apple get into TV’s I’d like them to buy Ambilight technology. Wouldn’t be without it now.
Pump and dump by a large shareholder?
The stock is flat for weeks (on very light and sporadic volume), then either falls off a cliff or zooms to the moon. This week it’s zooming.
History: The article reports on a similar rumor circulating last May 12 (Saturday) and the stock rallied hard to $5.97 on Monday. Since then it has been all down hill, trading at $2.47 last Tuesday. Over the past week it has rallied to $3.02 (+22.3%) on the rumor.
Although the story is appealing, as an investment it’s highly speculative. It would be smart to take a wait and see attitude …
http://finance.yahoo.com/q/bc?s=LOE.MU+Basic+Chart
Well, Apple lowered the price of the 13″ Retina by $200.
This is obviously because ‘they are losing money and desperate’…
(my guess at headlines)
This is an old rumor.
From Loewe”s US website: “Dear Valued Customers,
it is with regret that we must report that Loewe Opta Inc. has ceased the sales of Loewe branded products in the American markets in the foreseeable future.
Loewe Opta Inc. will continue to honor its obligations to provide ongoing technical service, parts, and warranty support through a US-based partner, PanurgyOEM, a New Jersey based service company.
Panurgy can be contacted as follows, with all service numbers remaining unchanged.”
Both articles are from May 2012. Why are MDN even talking about this?
The stock is up 31% right now – at 9:49 AM Eastern time – I don’t think this is old repeated news.
LOEWE
Loewe made the world’s best CRT televisions.
But they haven’t really set the world on fire with their flatscreen offerings. Like B&O and other niche designers it’s all about the plastic case rather than the perfect reproduction of images.
+1
Apple is in talks to buy me as well.
Ladies… you can haz shares…. cheap….