Wednesday, January 10, 2007

COO - Cooper Companies

Has been on a roll today, surging by over 4% on takeover speculation. reported earlier today, "We note the company has cancelled out of a Wachovia conference (see our January 08th comment) as well as a JP Morgan conference."

Fly reports further... "Bloomberg reports that Essilor International SA may make a bid for COO, according to weekly magazine Challenges. The bid could be as much as 2.1Beuros ($2.7B), the magazine said, citing a study by Paris broker Oddo et Cie. Essilor's bid could be financed, in part, by a share sales, Challenges said in an article to be published tomorrow."

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