Logitech says any Microsoft bid 'without sense'
InternetNews | at | by Mike
MILAN -- Any takeover bid for peripherals maker Logitech International by Microsoft would be "an operation without sense," Logitech's chairman was quoted as saying in an Italian newspaper on Sunday.
Shares in Switzerland-based Logitech rose in January based on speculation Microsoft would launch a takeover bid. Analysts dismissed rumors of an $8 billion takeover bid and Logitech board member Daniel Borel, the company's largest shareholder, said he had no reason to sell his stake.
Shares "only rose for a day. Anyhow, it would be an operation without sense," Logitech Chairman Guerrino De Luca told Corriere della Sera in an interview.