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Lenovo shares in trading halt ahead of 'disclosable transaction'

You don't ask the stock market to do this when you buy toner, people

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Lenovo has halted trade in its shares, "pending the release of an announcement in respect of a discloseable transaction which constitutes an inside information of the Company."

That quote comes from this statement (PDF), the second such document emitted by Lenovo in recent days. The previous statement (PDF) said "the Company is in preliminary negotiations with a third party in connection with a potential acquisition", was widely interpreted to have been issued in response to rumours the company is to buy some of IBM's server business.

Channel Reg's sources suggest IBM is trying to offload its X Series boxen and folks have whispered Lenovo's name into The Wall Street Journal's ear when speculating about buyers.

Lenovo's also been rumoured to be considering a cash splash to acquire BlackBerry's ravaged body, but with all the speculation about Big Blue of late The Reg thinks the server business buy is a better bet for now.

We'll update this story as the situation develops. ®

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