RUMOR: Apple in Talks to Acquire HDTV Manufacturer Loewe
Posted on May 13, 2012 by vincent oliver
UPDATE: Loewe has officially denied rumors of a buyout, with a company spokesperson stating that the report has “absolutely nothing to it.”
Apple is in talks to acquire high end German HDTV manufacturer Loewe, according to an AppleInsider source.
A source claims that Loewe “has been advised by its financial advisor to accept the offer and a final decision is scheduled to be announced internally before 18 May 2012.
This person said Apple is confidentially offering 87.3 million euros (about $112 million U.S.), a slight premium over the firm’s last closing share price of 4.519 euros (giving it a market cap of 58.79 million euros or $76 million U.S.). Loewe’s primary shareholders currently include Sharp (28.83 percent) and LaCie (11.17 percent).