News Headline Summary
WSJ writes "ST-Ericsson (ERIC) Hired J.P. Morgan to Explore Options and Possible Sale"
JP Morgan Chase & Co. has been hired to explore options including a sale of ST-Ericsson, a money-losing joint venture between Swedish telecommunications giant Telefon AB L.M. Ericsson and STMicroelectronics NV, people familiar with the matter said.
- In the 3 minutes following the news ERIC shares spiked higher by 3.01%, going from USD 10.29 to USD 10.62.
19:17, 18 Jan 2013 -
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:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis