Molycorp (MCP) Higher on Renewed Chatter
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Molycorp (NYSE: MCP) is seeing mid-day upside on renewed takeover chatter.
These rumors were first sparked by a Jan 2nd Bloomberg article, which stated that the drop in the stock has put it at level below its net assets, making it ripe for the picking. Potential suitors range from Siemens AG (NYSE: SI) and Nissan, to private equity firms.
Shares are up 2.5% intra-day.
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These rumors were first sparked by a Jan 2nd Bloomberg article, which stated that the drop in the stock has put it at level below its net assets, making it ripe for the picking. Potential suitors range from Siemens AG (NYSE: SI) and Nissan, to private equity firms.
Shares are up 2.5% intra-day.
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