Thursday, June 7, 2007

LG.Philips shares jump on stake sale talk

(Reuters) - "Talk of a sale to Toshiba is not without credibility since Toshiba has already invested in an LG.Philips flat-screen plant in Poland," Song told Reuters, referring to a $46 million deal inked in late 2006.




"But the amount quoted in the report, $1 billion, is too low compared to LG.Philips' current stock price, and raises questions about the credibility of the whole report."


Read more at Reuters.com Hot Stocks News

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