Loewe AG debunks report that Apple is on verge of acquiring them

Sun, May 13, 2012

News, Rumors

According to a weekend report from AppleInsider, Apple reportedly made an offer to acquire Loewe AG, a German based manufacturer of sleek and modern HDTVs and other integrated entertainment systems.

Word of the negotiations was exclusively revealed to¬†AppleInsider, and although the offer has yet to be accepted, 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).

In the wake of that report, however, Loewe reached out to the German language website Heise and debunked the report, claiming that there was “absolutely nothing” to the rumor.

via TNW



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