TomTom: denies sale rumours, shares fall
(CercleFinance.com) - TomTom on Friday denied speculation about a potential sale of the company, which pushed its shares down over 6%.
Yesterday before trading ended, the Dutch maker of personal navigation devices saw its shares suddenly jump by 10.4% on unidentified market talks.
"In reaction to market rumours, TomTom denies it has engaged a financial advisor to look for potential buyers," the company said in a brief statement.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Yesterday before trading ended, the Dutch maker of personal navigation devices saw its shares suddenly jump by 10.4% on unidentified market talks.
"In reaction to market rumours, TomTom denies it has engaged a financial advisor to look for potential buyers," the company said in a brief statement.
Copyright (c) 2018 CercleFinance.com. All rights reserved.