0847 [Dow Jones] STOCK CALL: UBS says bidding for API (API.AU) "looks serious now" with chance that Sybmion (SYB.AU) could also get involved. Says offer price of A$2.50 is 40% premium to valuation which could gain attention of API's board. "However, we would not rule out a counter bid from SYB as it too looks for solutions for its distribution operations," UBS says. API last A$2.62, stock soared Tuesday afternoon on Dow Jones report that bid would be lobbed after close of trade. (IGP)
API Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
