Deals
Central European Media Surges on Report Kellner in Talks to Buy
This article is for subscribers only.
Central European Media Enterprises Ltd. rose the most this month after a newspaper reported three Czech businessmen including billionaire Petr Kellner are in takeover talks with majority shareholder Time Warner Inc.
The shares of CME, as the company is known, jumped as much as 12 percent and traded up 7.6 percent to 55.9 koruna by 10:52 a.m. in Prague, the biggest gain since March 31. Volume of trading was more than double the three-month daily average.