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German TV maker Loewe will not be part of Apple
German TV maker Loewe AG denies rumors of talks with Apple about possible buyout. A Loewe spokesman commented on this issue to Heise. He called the rumors about the sale of the company “completely unfounded”.
Earlier there were rumors about the purchase of the manufacturer of TVs, audio equipment and entertainment systems by Apple. An anonymous source claimed the Germans were offered a $ 113 million deal. This amount, by the way, is one and a half times higher than the value of all Loewe AG shares at the last close of trading.
The same source claimed that the financial advisor recommended Loewe to accept the offer. And according to rumors, the board of the company should have made the final decision before May 18.
Loewe AG’s largest shareholders are Sharp and LaCie. Loewe has been producing TV since 1929. The company ended this year with a loss of $ 10.5 million. Euro. In total, Loewe employs about a thousand people in more than 50 countries around the world.
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