Monday, March 1, 2010
Urgent: NYT shares jump on Slim takeover rumors, but WSJ reports Mexican investor not interested
(Updated at 2:57 p.m.) The New York Times Co.'s stock soared as much as 10% today on rumors that Mexican investor Carlos Slim is seeking to acquire the entire company, MarketWatch reported earlier. But The Wall Street Journal, citing his spokesman, says Slim isn't interested. NYT traded earlier today for $11.48 a share, up 4.3%. The stock has traded as high as $12.17 today -- well up from its 52-week low of $3.51, but off its high of $14.87.