Palm offers more shares for sale; Nokia interested in buying?
Palm has just announced that its public offering of common stock has been increased to 20,000,000 shares, at a price of $16.25 per share.
Palm expects to receive net proceeds of about $313.1 from the shares’ sale. The Sunnyvale-based smartphone maker says that it wants to use the money “for working capital and general corporate purposes”.
Interestingly, according to Bloomberg, some analysts believe that Nokia could be interested in buying shares from Palm (which recently unveiled its new Pixi smartphone).
Of course, at the moment there’s nothing official about Nokia’s intention to buy Palm stock. But things can surely become interesting if, say, Nokia would buy Palm for good – although this will probably never happen.
Via Palm
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Stephen Manion
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