May 16 (Bloomberg) -- Loewe AG, a German television maker, has had “no contact” with Apple Inc. about being taken over, Chief Executive Officer Oliver Seidl said yesterday at the company’s annual meeting, Handelsblatt reported.
Supervisory board chairman Rainer Hecker, who is also a shareholder, said he doesn’t know of any takeover intentions, the newspaper said.
Loewe shares climbed as much as 10 percent yesterday after AppleInsider reported that Apple offered to purchase the Kronach-based company for 87.3 million euros ($111 million). The stock closed down 0.2 percent at 5.99 euros.
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