Trend Micro Shares Set to Rise After Digitimes Report of Takeover Approach

Trend Micro Inc. is poised to rise in Tokyo after Taiwan’s DigiTimes reported the Japanese maker of anti-virus software has been approached for a possible takeover. The newspaper cited Eva Chen, Trend Micro’s chief executive officer, as the source of the information.

The stock was bid at 2,386 yen as of 9:04 a.m. on the Tokyo Stock Exchange, compared with yesterday’s closing price of 2,336 yen. Bids outnumbered offers to sell by about 7-to-1.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.