(Bloomberg) -- Shares of Armor Holdings Inc., the largest maker of Humvee military vehicles, soared in Europe after the Wall Street Journal reported BAE Systems Plc is in advanced talk to buy the U.S. company for $3.5 billion.
Armor stock rose 7.6 percent to $88.43 as of 10:07 a.m. in Frankfurt. The stock cost $82.15 a share in New York Stock Exchange composite trading May 4. Shares of London-based BAE traded in Germany fell less than 0.1 percent to 445.6 pence from 446 pence May 4. The London market is closed today for a holiday.
Read more at Bloomberg Stocks News
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