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People walk by the Apple Store in the Eaton Centre shopping mall in Toronto, March 16, 2012.
Credit: Reuters/Mark Blinch
FRANKFURT |
Mon May 14, 2012 3:30am EDT
FRANKFURT (Reuters) - 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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