Market talk that Berkshire Hathaway is targeting Joy Global (JOY) and offering USD 100 per share - Unconfirmed
‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.
Hm.. BUCY was JOY'G peer bought by CAT in Nov 2010... I remember, it was on one fine Monday before market open... I'm suspecting the same here with JOY... You could see the deal to seal by this weekend itself.. then see the short cover for $100 bucks :)
I dont know about you guys, but right before BUCY was bought by CAT, I posted that I thought CAT would buy BUCY rather then buy JOY, because in doing so CAT would get Terex trucks and totally corner the heavy truck market.
about a month later, CAT buys BUCY.
i HAD been in and out of Calls for two monts and had just closed out a position, a day later bang. news.
Ahh, so that is why it is up this morning. who the heck puts out these rumors and why do they warrant getting published? But people will buy on Anything they hear, no matter how unsubstantiated. A buyout may occur some day, but....I would not put any money in just based on this rumor. Oh well,