Reuters: Global Markets: Lanxess jumps on market talk of interest by Dow Chemical

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Lanxess jumps on market talk of interest by Dow Chemical Feb 7th 2013, 09:30 FRANKFURT | Thu Feb 7, 2013 4:30am EST FRANKFURT (Reuters) - Shares in Lanxess (LXSG.DE) jumped five percent in early trade, with several traders pointing to market talk of takeover interest by U.S.-based Dow Chemical (DOW.N). "There is a rumor that Dow Chemical wants to offer 70 to 80 euros (per share) for Lanxess," one of the traders said. Shares in Lanxess, which has a market value of 5.1 billion euros ($6.9 billion), were up 5 percent at 64.40 euros by 0919 GMT. Lanxess declined to comment and Dow Chemical was not immediately available. (Reporting by Hakan Ersen, David Brett, Francesco Canepa, Andrea Lentz and Frank Siebelt; Writing by Maria Sheahan)

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