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Rating:Rumors Drive Up Fund Co Stock Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, October 03, 2000

Rumors Drive Up Fund Co Stock

Reported by Sean Hanna, Editor in Chief

Neuberger Berman's share price is rocketing today as rumors circulate that it is a takeover target.

Shares in the stock hit a high of $70 28/32, for a gain of 9.8 percent from their Monday close. The price is a new high for the stock. At 3 pm shares the shares were up more than 5.5 percent in value at $68 11/16.

Published reports say the rise in the stock is due to rumors of a buyout of the firm. The identtity of the firm, according to the rumors, it either European or American.  

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