Equant Soars on Reported Interest from France Telecom, Global Crossing
Updated from 7:39 a.m. EDT
Shares in Dutch telecom company Equant NV (ENT) jumped today following a report it was the object of affection for two large telecommunications companies.
Shares in Equant were up 6 7/16, or 15%, to 48 13/16 in afternoon trading Tuesday. (They finished up 6 3/4, or 16%, at 49 1/8.)According to the report, the more likely scenario is France Telecom buying Equant. France Telecom had an exclusive right to negotiate with Equant, but it recently expired.
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