Takeover Rumors Propel Wang Stock: Wang Laboratories...

Takeover Rumors Propel Wang Stock: Wang Laboratories stock jumped in heavy trading as traders speculated that Xerox might seek to buy it to avoid being taken over itself. Wang, based in Lowell, Mass., had no comment on the activity of its stock, which advanced $1 a share to $8.75 in heavy trading of 2.4 million shares on the American Stock Exchange. But analysts saw a logical fit, with both firms having a wide array of office products. “Since Xerox has been viewed as a takeover candidate, it would make sense for them to acquire a financially troubled company to make themselves less attractive,” an analyst said.