Friday, July 10, 2009

From The Times:

Rumour of the day
Bloomsbury, the Harry Potter publisher, rose ½p to 128p. It experienced unusually strong volume on Tuesday amid talk that Pearson, the owner of Penguin, a rival, was considering a bid. Pearson could afford Bloomsbury’s diminished £100 million value, but sources believe that it has other acquisition targets for its £580 million cash pile.

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