寄件者: David Lau (MKT-US)
傳送日期: Friday, September 10, 2010 1:52:22 AM
主旨: NEWSBANK: Trend Micro Shares Set to Rise After Digitimes Report of Takeover Approach
Trend Micro Shares Set to Rise After Digitimes Report of Takeover Approach
By Drew Gibson - Sep 8, 2010 5:09 PM PT
Business ExchangeTwitterDeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! BuzzPrint Trend Micro Inc. is poised to rise in
The stock was bid at 2,386 yen as of 9:04 a.m. on the Tokyo Stock Exchange, compared with yesterday’s closing price of 2,336 yen. Bids outnumbered offers to sell by about 7-to-1.
Trend Micro shares jump, says no takeover bids now
Published September 09, 2010
TOKYO, Sept 9 (Reuters) - Shares of Japan's Trend Micro leaped 10 percent on Thursday after a Taiwanese newspaper saidthe anti-virus computer software developer had received takeover proposals, but they ended off highs after the company said nooffers were now on the table.
Investors have speculated Trend Micro may be a take over target after chipmaker Intel said last month it would buyanti-virus software maker McAfee in a $7.7 billion deal seen sparking industry consolidation.
An official at the company later said there had been proposals in the past, but that none were current. Trend Micro would consider any offers at a premium, he said.
An analyst said a takeover was conceivable, given current business conditions and industry enthusiasm for acquisitions.
"There is a possibility that it (Trend Micro) will be taken over," said Deutsche Securities analyst Satoru Kikuchi. "I don't think business is going all that well, and they are probably not as confident as they were 10 years ago. So, if they get a good offer, they may sell."
Kikuchi, however, added he could not think of any obvious candidates as buyers.
"Intel's purchase of McAfee was not seen in the industry as reasonable. It was too expensive. They didn't have any specialtechnology and neither do Trend Micro. With viruses, it's simply a question of tackling them one by one, so there is no real needto buy this company," Kikuchi said.
The DigiTimes article did not mention any specific offers. It cited Chen as saying she believes Trend Micro is worth more thanMcAfee.
Trend Micro shares ended up 10.3 percent at 2,576 yen on Thursday, valuing the company at $4.3 billion. The stock earliersoared more than 21 percent, or by its daily limit of 500 yen, toa four-month intraday high of 2,836 yen.
More than 5 million Trend Micro shares changed hands, roughly6 times the daily average over the past 3 months. (Reporting by Sachi Izumi, Isabel Reynolds and James Topham; Editing by Nathan Layne)