News Headline Summary

Market talk that IBM is close to making a USD 3.4bln offer for Fusion-io (FIO) - Unconfirmed

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

- Talk that SAP is interested in making a competing offer for the Co.

Reaction details (15:58)

- FIO shares moved 2.23% to the upside after this news from USD 23.10 to USD 23.62.

21 Nov 2012 - 15:56 - Equities Rumour - Source: B4THESTREET.COM

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: