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Palm Rallies On Possible Sale of Company

Apr 12, 2010 Company News, Mergers & Acquisition, Stock to watch

Shares of smartphone maker Palm (PALM), which rallied 32% last week on rumors that the company might be a buyout candidate, extended those gains on Monday, climbing 17%, on a $0.88 rise to $6.04 in the stock .

The company has reportedly retained Goldman Sachs (GS) and Qatalyst Partners, to help it find a buyer for the company.

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This entry was posted on Monday, April 12th, 2010 at 5:02 pm and is filed under Company News, Mergers & Acquisition, Stock to watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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