Friday, 22 June 2007

Macy's shares up on takeover speculation

(Reuters) - "There is unusual share and option activity in Macy's as rumors circulate that it will be acquired," said William Lefkowitz, an options strategist at brokerage firm vFinance Investments.




"The takeover price has high as $50 has been mentioned. No suitor has been mentioned," he said.


Read more at Reuters.com Hot Stocks News

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