Anybody know what's going on?This is obviously one of the quietest boards in history. Dow Jones had an article which tries to say there is no chance of a taakeover but the market seems to be saying otherwise. See below:
MARKET TALK can be found using N/DJMT
12:31 (Dow Jones) Internet message boards were buzzing about a possible buyout of Career Education (CECO) by Apollo Group (APOL). But not so fast."There's absolutely no truth to the rumor," said APOL spokeswoman Ayla Dickey.Several industry insiders also dismissed the speculation, saying that CECO doesn't fit within APOL's growth strategy. CECO, which declined to comment,also has been dealing with the scrutiny by the SEC over allegations that employees falsified student records and enrollment data - a situation that could make for a rather messy deal. Either way, some air has left the balloon.
CECO's up 3.8% to $28.46 after earlier climbing close to 6%. APOL is off 1.9% at $67.95.