Thursday, September 11, 2008

Parametric rises on sale speculation - The Boston Globe

Hmm...

Shares of Parametric Technology Corp. continued to climb yesterday on speculation that the Needham maker of computer-aided design software may be peddling itself to potential buyers.

The stock, which had traded below $19 a share last week, began moving up Monday after the Financial Times reported over the weekend that PTC had retained investment banking firm Goldman Sachs to explore a sale. Spokeswomen for PTC and Goldman both declined to discuss the report yesterday.

Parametric rises on sale speculation - The Boston Globe

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