“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
