North Coast Solar Stocks

September 16, 2009

WFR Climbs On Takeover Chatter

Filed under: WFR — Tags: , , — Jason @ 3:35 pm

By Eric Savitz
barrons.com

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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