Reuters: Technology News: Shares in TV maker Loewe jump on Apple bid talk

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Shares in TV maker Loewe jump on Apple bid talk May 14th 2012, 07:30 Tweet Share this Email Print Related News Toshiba sees rebound as Apple leads demand for NAND Tue, May 8 2012 Wall Street pops on Apple's results, Fed's reassurance Wed, Apr 25 2012 Apple crushes Street targets, dispels iPhone fears Wed, Apr 25 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Hot Stocks » Asian Markets » Inflows Outflows » People walk by the Apple Store in the Eaton Centre shopping mall in Toronto, March 16, 2012. Credit: Reuters/Mark Blinch FRANKFURT | Mon May 14, 2012 3:30am EDT FRANKFURT (Reuters) - Shares in German luxury TV maker Loewe jumped 24 percent on Monday on market talk of a potential offer from Apple. 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) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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