Shares in TV maker Loewe jump on Apple bid talk
05/14/2012| 03:21am US/Eastern
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Shares in German luxury TV maker Loewe jumped 24 percent on Monday on market talk of a potential offer from Apple.
Web blog AppleInsider cited a person familiar with the matter as saying Apple was willing to pay 87,3 million euros ($113 million), or a 48 percent premium on Loewe's closing price on Friday of 4.5390 euros.
Both Apple and Loewe could not immediately be reached for comment.
Loewe has a market capitalization of 59.1 million euros, according to Thomson Reuters data. ($1 = 0.7726 euros)
(Reporting by Harro ten Wolde)
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