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.