STOCKHOLM, June 14 Shares in measurement
technology and software firm Hexagon AB soared on
Wednesday after the Wall Street Journal reported it had held
talks on a possible sale to a U.S. or European rival which could
value the Swedish company at about $20 billion.
The Journal, citing people familiar with the matter,
reported late on Tuesday the talks between Hexagon and the
potential buyers were at an early stage and that the company may
ultimately decide not to pursue a sale.
Hexagon said in a statement on Wednesday it "regularly
evaluates various opportunities to optimise the company’s
positioning and shareholder value".
"Should these evaluations lead to concrete results, the
market will be immediately informed," the company said.
Hexagon shares rose 17 percent at 0704 GMT, compared with a
1.2 percent rise in the STOXX Europe 600 Technology Index
(Reporting by Johannes Hellstrom; editing by Niklas Pollard)