Samsung: We Have No Interest in Acquiring RIM (RIMM)
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Shares of Research In Motion (Nasdaq: RIMM) are trading rather sharply lower ahead of the bell Wednesday as Samsung has moved to offset a rumor.
According to Reuters, Samsung spokesperson James Chung said the company is not interested in buying RIM. He also said Samsung wasn't approached by RIM in any way about a takeover.
Earlier on Tuesday, an article from BoyGeniusReport (BGR) suggested RIM was pushing for a takeover by Samsung. Shares closed 8 percent Tuesday following the news.
Notably, Streetinsider also dispelled the rumor before the Reuters report.
Shares of RIM are about 5 percent lower early.
According to Reuters, Samsung spokesperson James Chung said the company is not interested in buying RIM. He also said Samsung wasn't approached by RIM in any way about a takeover.
Earlier on Tuesday, an article from BoyGeniusReport (BGR) suggested RIM was pushing for a takeover by Samsung. Shares closed 8 percent Tuesday following the news.
Notably, Streetinsider also dispelled the rumor before the Reuters report.
Shares of RIM are about 5 percent lower early.
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