Reports suggest peripherals manufacturer Logitech us being lined up for acquisition by Microsoft. Reuters reports shares in Logitech climbed on Thursday following speculation that the Windows developer may make a bid to buy the company, with a hefty $8bn price tag predicted.
While analysts later dismissed the notion as no more than a rumour, and the company's largest shareholder, company co-founder Daniel Borel, indicated he has no reason to sell his 6 percent share of the company stock, the speculation seems to have stuck.
Trading speculation claims Logitech will receive a takeover bid at 48 francs per share from Microsoft, a premium of 38 percent to Wednesday's 34.80-franc closing price, meaning Logitech would have a value of 9.16bn francs.
Comments
THE SQUIRE said: Dont do it Danny boy why give up a good company like Logitech to a company like MS who cant seem to get things right the first time does Vista come to mind