Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, February 3, 2012

Article Excerpt

RUGGEDCOM INC., $32.81, symbol RCM on Toronto, jumped 26% this week after it received a friendly takeover bid from Siemens Canada Ltd. Siemens is offering $33 a share in cash. The company is a subsidiary of giant German conglomerate Siemens AG. RuggedCom, which makes computer networking equipment that is used in harsh environments, was the target of a hostile takeover bid from Belden Inc., a U.S. cable and networking equipment maker. Belden recently reaffirmed its offer of $22 in cash for each RuggedCom share. RuggedCom’s board of directors has advised shareholders to accept Siemens’ offer. RuggedCom is now trading at $32.81 a share, or just below Siemens’ offer. This indicates that investors are not anticipating a higher offer from Siemens or another bidder. We’ll say more as the takeover continues to progress, but for now RuggedCom is still a hold. RuggedCom was recently covered in the February 2011 issue of Stock Pickers Digest. Click here to access it. RuggedCom was recently covered in the Stock Pickers…