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Speculation - Sweden - Volvo trucks climbing amid investor
STOCKHOLM,Swewden -DOW JONES NEWSWIRES/MarketWatch, by Louise Nordstrom -Jul 25, 2006: -- Shares in Swedish truck maker Volvo AB have climbed 9% in the last month amid persistent rumors that the business is being targeted by private equity firms, with U.S. investor Carl Icahn rumored to be among some of the co-investors... Stock trackers say share performance is the more remarkable because other big Swedish industrials are down by as much as 10% over the same period on fears of slumping export demand... "There's been speculation that someone is buying into it (Volvo trucks) since it has a strong cash position, but that the company is very undervalued," said Michael Andersson, senior analyst at Evli Bank. "Despite the messy bourse climate we've had, Volvo is still up there," he said...
posted by Unknown @ 12:15 PM
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