Today there were rumors that the South Korean manufacturer LG Electronics intends to acquire the company Pantech, which is the third largest supplier of smartphones in Korea.
The source was the publication of Aju Business, which noted that LG is considering various options, for example, the purchase of only a subdivision of budget smartphones Pantech.
Some analysts believed that LG, trying to strengthen its position, can really shift the focus towards the market of budget devices and withdraw from the premium segment, where the company can not successfully compete with Apple and Samsung.
However, representatives of LG have already hastened to comment on the rumors, saying that they have no basis for themselves.
At the same time, such rumors had a positive effect on the share price of companies, which today grew by 6%.