Thursday, December 14, 2006

Worthington Industries (WOR) Higher on Mittal Takeover Speculation Following Analyst Note

Shares of Worthington Industries (NYSE: WOR) are higher in early action today following a note from Prudential calling the company a possible takeover target from Mittal (NYSE: MT). The analyst placed 10-20% odds on Mittal bidding $35 to $45 for Worthington.

Shares of Worthington Industries are 11.7% higher to $20.43 in early action today.

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