Takeover talks lift Thomson share prices

Shares of French media technology group Thomson surged by 6.66% on talk that it was a target for a takeover bid, an AFP report said.
The report said the group, a leader in digital television and film technology, was periodically the subject of takeover rumors, the latest coming in the form of a report on Sunday in the British newspaper The Business that investment banks were putting together a bid of 5 billion euros ($6 billion).
The report said that in the last two weeks, investment funds had been invited to join the consortium.
The report said the approaches followed remarks by Thomson chief executive Frank Dangeard on February 28 to the effect that the company was open to approaches to strengthen its position as the world leader in the field of video and television set-top box technology.