HDTV maker Loewe surges, even as it nixes Apple rumor
An unconfirmed report that was ultimately dismissed by management isn't enough to turn shareholders off to German HDTV maker Loewe.
The company's shares today are up 22 percent to 5.55 euros following rumors that it would be acquired by Apple as early as this week. AppleInsider, an Apple-tracking Web site, reported on Saturday that it had received a report from a source claiming Apple had offered a buyout deal for a slight premium on the company's stock price, and Loewe's financial advisers had "been advised" to take the offer.
AppleInsider made it clear … Read more