Friday, January 11, 2008

Logitech Shares Surge on Talk of Microsoft Bid - New York Times

That'd come as something of a surprise, especially since, e.g., Microsoft seems to finally be very competitive with Logitech's products

Shares in Swiss-based computer peripherals maker Logitech International SA rose as much as 12 percent on Thursday based on speculation Microsoft Corp would launch a takeover bid, traders said.

Analysts dismissed rumors of an $8 billion takeover bid as unlikely and Logitech board member Daniel Borel, the company's largest shareholder, said he had no reason to sell his 6 percent stake. He declined to comment on the speculation.

Logitech Shares Surge on Talk of Microsoft Bid - New York Times

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