October 12, 2009
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Energy Conversion Devices Spikes On Takeover Rumors
By Eric Savitz
barrons.com
Energy Conversion Devices (ENER) shares are sharply higher amid takeover speculation. I’d note that takeover rumors on the solar products company crop up with some regularity; the last round of chatter, about a month ago, involved theoretical interest in the company from Applied Materials (AMAT).
I didn’t buy the AMAT rumors, and I wouldn’t hold out a lot of hope that there’s anything real this time, either.
ENER today is up $1.93, or 17.7%, to $12.82.