UPDATE 2-Trend Micro shares jump, says no takeover bids now

* Trend Micro says received offers in the past

* Would consider proposals at a premium-company

* Prefers to remain independent -paper citing CEO

* Possibility that Trend Micro would be taken over-analyst

* Shares up 10.3 pct, valuing the company at $4.3 billion
(Recasts after company statement, updates share price)

TOKYO, Sept 9 (BestGrowthStock) – Shares of Japan’s Trend Micro
(4704.T: ) leaped 10 percent on Thursday after a Taiwanese
newspaper said the anti-virus computer software developer had
received takeover proposals, but they ended off highs after the
company said no offers were now on the table.

Investors have speculated Trend Micro may be a takeover
target after chipmaker Intel (INTC.O: ) said last month it would
buy anti-virus software maker McAfee (MFE.N: ) in a $7.7 billion
deal seen sparking industry consolidation. [ID:nLDE67J02M]

Taipei industry newspaper DigiTimes cited chief executive Eva
Chen as saying Trend Micro regularly receives takeover proposals
and would consider any actual offers, although it prefers
independence. [ID:nTOE68801B]

An official at the company later said there had been
proposals in the past, but that none were current. Trend Micro
would consider any offers at a premium, he said.

“We can say at this point there are none,” Koichi Habara told
Reuters. “We cannot comment on any speculation.”

An analyst said a takeover was conceivable, given current
business conditions and industry enthusiasm for acquisitions.

“There is a possibility that it (Trend Micro) will be taken
over,” said Deutsche Securities analyst Satoru Kikuchi. “I don’t
think business is going all that well, and they are probably not
as confident as they were 10 years ago. So, if they get a good
offer, they may sell.”

Kikuchi, however, added he could not think of any obvious
candidates as buyers.

“Intel’s purchase of McAfee was not seen in the industry as
reasonable. It was too expensive. They didn’t have any special
technology and neither do Trend Micro. With viruses, it’s simply
a question of tackling them one by one, so there is no real need
to buy this company,” Kikuchi said.

The DigiTimes article did not mention any specific offers. It
cited Chen as saying she believes Trend Micro is worth more than
McAfee.

Trend Micro shares ended up 10.3 percent at 2,576 yen on
Thursday, valuing the company at $4.3 billion. The stock earlier
soared more than 21 percent, or by its daily limit of 500 yen, to
a four-month intraday high of 2,836 yen.

More than 5 million Trend Micro shares changed hands, roughly
6 times the daily average over the past 3 months.
(Reporting by Sachi Izumi, Isabel Reynolds and James Topham;
Editing by Nathan Layne)

UPDATE 2-Trend Micro shares jump, says no takeover bids now