How Good Are Logitech Mice? Ask Microsoft
Microsoft itself may prefer Logitech as stock traders speculated that the software giant would launch a takeover bid for the Swiss-based peripherals maker.
Shares of Logitech surged up to 12 percent based on the trader talk, despite comments from Logitech’s Daniel Borel expressing no desire to sell his stake in the company.
"I am a co-founder of Logitech. Would you be willing to sell your child?" Borel told Reuters in an interview. "I have no reason to sell. But I will not be the one to decide. I own only some 6 percent so I will neither enable nor prevent a sale of Logitech."
Buzz circulated in the market that Microsoft prepared a takeover bid of 48 francs per share for Logitech. "Rumours are rumours. I can't make any specific comment on them," Borel added.