“Apple is said to be negotiating to acquire Loewe AG, a manufacturer and distributor of televisions, audio components and integrated entertainment systems, with a final decision expected to be announced by the end of this week,” Daniel Eran Dilger reports for AppleInsider.
“Word of the negotiations was exclusively revealed to AppleInsider, and although the offer has yet to be accepted, a source claims that Loewe ‘has been advised by its financial advisor to accept the offer and a final decision is scheduled to be announced internally before 18 May 2012,'” Dilger reports. “This person said Apple is confidentially offering 87.3 million euros (about $112 million U.S.), a slight premium over the firm’s last closing share price of 4.519 euros (giving it a market cap of 58.79 million euros or $76 million U.S.). Loewe’s primary shareholders currently include Sharp (28.83 percent) and LaCie (11.17 percent).”
Dilger reports, “Loewe, which entered the TV market in 1929, now employes around 1,000 workers worldwide in 50 countries, although it has worked to keep the production of its premium, minimalist TV sets in “made in Germany” despite difficult economic conditions.”
More info and video in the full article here.
MacDailyNews Note: Find out more about the Loewe Assist Media app for iPad hers.
[Thanks to MacDailyNews Readers “Vesa” and “Dan K.” for the heads up.]