Sybase Takeover Chatter (SY, SAP)

Posted in General 
May 12th, 2010

Sybase, Inc. (NYSE: SY) saw a major volume explosion and massive price move late in the trading day.  Bloomberg reported that SAP AG (NYSE: SAP) may acquire the company.  Maybe yes, maybe no.  Shares at 3:21 PM EST are up a whopping 51% at $63.00 on well over 6 million shares.  Keep in mind that no formal deal has been announced and this would be a very recent development if the company is bought. Stay tuned.


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