April 16, 2009 at 15:13 PM EDT
Sun shares rose on IBM willingness to talks
Sun Microsystems shares rose 10 percent Thursday after its willingness to resume IBM acquisitions talks to complete the deal; however IBM is no longer interested.
(IBTimes) -- 04/16/2009 --

Sun Microsystems shares rose 10 percent Thursday after its willingness to resume IBM acquisitions talks to complete the deal; however IBM is no longer interested.

It said such a deal would face regulatory scrutiny and buying the high-end server company at any price is no longer an interest.

Bloomberg reports quoted, citing two familiar people with the matter, that there were no discussions between the two companies as of yesterday, and that each company is waiting for the other to make a move. Both company declined to comment.

Recently, talks broke down after Sun rejected an offer of about $7 billion or $9.40, a share price it regarded as too low from the original $10 a share.

Shares rose 5 cents to 0.85 percent at $6.18 in the early NASDAQ trading.

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