PARIS, Oct 12- Europe's top semiconductor maker STMicroelectronics on Friday responded to a report that it was mulling a corporate breakup by denying that it had any plans to undo the group's "unity".
MILAN/ PARIS, Oct 12- Shares in STMicroelectronics rallied more than 17 percent on Friday after Bloomberg reported Europe's top semiconductor maker was considering a breakup that could lead to the sale of its struggling mobile-phone chip business. Bloomberg cited Samsung Electronics as a potential buyer for STMicro's digital assets.
NEW YORK, Oct 12- STM:.
MILAN, Oct 12- Shares in Europe's top semiconductor maker STMicroelectronics rallied more than 17 percent on Friday after Bloomberg reported the company was evaluating a breakup that may lead to the sale of its struggling mobile phone chip business. The report mentioned Samsung Electronics as a potential buyer.
PARIS, Oct 12- STMicroelectronics NV:. *Company spokeswoman declines to comment after report of possible company split. *Shares rose over 17 pct after report ().
*Deutsche Bank cuts STMicro price target to 3.5 euros from 3.9 euros. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*Exane BNP Paribas raises STMicroelectronics NV to neutral. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
By Olof Swahnberg STOCKHOLM, Oct 9- ST-Ericsson's owners Ericsson. A sale or break-up of the firm was not mentioned in the release, but Ericsson's head of media relations said all options were being looked at.
STOCKHOLM, Oct 9- Telecoms gear maker Ericsson. Parents Ericsson and STMicroelectronics said earlier in the day they were working with an external advisor to determine the best course for ST-Ericsson. "We are looking at all possible solutions," Ola Rembe, head of media relations for Ericsson, said.
STOCKHOLM, Oct 9- ST-Ericsson's owners Ericsson. The comments follow media reports that STM and Ericsson had engaged U.S. investment bank JP Morgan to review all strategic options, including the search for a new partner or the sale of some assets. Ericsson and STMicroelectronics said they supported ST-Ericsson in its ongoing cost cutting programme.
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