Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 295.01

+1.3%

3:59 PM EST

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To: Stock Watcher who wrote (16468)	10/9/1999 9:28:00 AM
From: hoffy	Read Replies (2) of 52051

LVLT last week, NAV this week. This company is likely to get bought out or at least the rumors will move it up significantly. I am looking for a move similar to LVLT this week for NAV. Here's some rumors of the takeover. ================================================================== STOCKHOLM, Oct 9 (Reuters) - Sweden's AB Volvo is looking at North America as its next acquisition target following its deal with Mitsubishi, a Swedish newspaper said on Saturday. On Friday Volvo and Mitsubishi Motors announced a deal whereby Mitsubishi would spin off its truck business into a separate unit and sell a 19.9 percent stake to Volvo in the first stage of a major alliance. ''The pieces of the puzzle are in place in three parts of the world. One part of the world is missing: North America,'' Volvo spokesman Stefan Lorentzson was quoted as telling financial daily Finanstidningen. Volvo is already strong in Europe, Latin America and through the deal with Mitsubishi will have a strong presence in Asia. In North America it has only a 12 percent market share but has targetted a 20 percent share - a level it is unlikely to attain without an acquisition. Navistar (NYSE:NAV - news) is viewed as a possible target in North America or the truck business of France's Renault , especially its North American brand Mack.

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