WFR Climbs On Takeover Chatter - Eric Savitz (Barron's)

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WFR Climbs On Takeover Chatter
Sep 16, 2009 07:35 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
WFR	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

MEMC Electronic Materials (WFR) shares are trading higher today on vague rumors that the company might be a takeover target. The rumors have been picked up by TheFlyOnTheWall.com and Briefing.com, among other places; but there doesn’t seem to be much substance to the chatter. I’d note that WFR is a frequent subject of speculation, sometimes more specific than others: back in March there was talk that the company might be acquired by BASF. The Street was rightly skeptical that time, and of course, no deal ever materialized. I can’t see why you should have any more confidence in the buzz this time.

WFR today is up $1.17, or 6.7%, to $18.56.

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