Reuters | March 3, 2011 | Blaise Robinson and Tarmo Virki
* Huawei has no plans to invest in Alcatel – spokesman
* Short squeeze also mentioned to explain sharp rise
* Barclays analysts raise price target for Alcatel
* Traders also cite talk of bullish U.S. roadshow
* Shares up as much as 11 pct, hit more than 2-year high
(Adds Huawei reaction, trader comment, changes dateline from PARIS/FRANKFURT)
PARIS/HELSINKI, March 3 (Reuters) – Shares in telecom gear maker Alcatel-Lucent (ALUA.PA) surged as much as 11 percent on Thursday on market talk of a potential takeover bid from a Chinese company, traders said.
Traders also cited talk of positive comments from management on a roadshow in the United States.
“(We) hear some very vague Chinese bid rumours. Also hearing management roadshowing in the U.S. and apparently they did quite a good job,” one trader said.
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