Business Objects Up On Revived Rumors Of SAP Bid

Posted by Eric Savitz

Business Objects (BOBJ) shares are on the rise this morning, apparently on rumors that the company may be acquired by SAP (SAP). TheFlyOnTheWall.com is reporting that there is “renewed takeover chatter” focused on SAP.

This is not a new idea. Last month, there was a report, which originated with the French newspaper Le Figaro, that the company had hired Goldman Sachs to find a buyer, and that there were at least five interested bidders; the story specifically cited SAP.

Business Objects today is up $1.60, or 3.5%, at $47.07.

Source: Barron's

http://blogs.barrons.com/techtraderdaily/2007/10/03/business-objects-jumps-on-revived-rumors-of-sap-bid/trackback/




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Gary E. Smith
SOA Enterprise Architect