Palm Takeover Expected This Week?
As reported by Reuters “Palm Inc. could be sold for at least $20 per share this week and at least four bidders are interested, including private equity firm Texas Pacific Group, according to unnamed sources cited by technology news Web site Unstrung.com.” As Reuters points out “Sources have previously told Reuters that Palm hired Morgan Stanley to pursue a buyer.” There may be a potential for other bidders as well, namely Nokia or Motorola Inc., This could turn into a very interesting series of events for Palm. We’ll keep you posted as the story unfolds.
