Monday, May 14, 2012

Apple rumoured to buy German TV maker Loewe

Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on talk of a potential buy out offer from Apple. Loewe shares were up 30 percent by 0845 GMT at 5.92 euros.
Trading volumes were more than three times its 90-day average. Loewe, founded in 1923 in Berlin, offers high-end home entertainment sets and has a market capitalisation of 59.1 million euros, according to Thomson Reuters data. A spokes person for Loewe denied any rumour of a sale to Apple and as usual Apple had no comment on the matter.

I could see Loewe`s products meshing nicely with Apple`s designs, have a look here.