Microsoft planning to buy Logitech?

by admin January 10, 2008 at 5:26 pm

Logitech, the maker of popular mice, speakers and other peripherals, may be on the verge of acquisition by Microsoft. Reuters reports that shares rose 12 percent early Thursday morning, fueled partly by trader speculation surrounding a possible takeover. In theory, Logitech — which has a market capitalization of 7 billion Swiss francs ($6.3 billion US) — would be bought for 48 francs per share, a premium of 38 percent on Wednesday’s closing stock price of 34.80 francs. Logitech would thus become worth 9.16 billion francs.

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