My take: it's the usual rumor for a PUMP 'N DUMP by probably Fidelity(check major holders), owning 10+million shares, and a dismal performance with CREE hitting lows, they needed to dump some on a 10% short-squeeze spike, it goes like this: call a desk, float it to Bloomberg, bingo.! GE denies...
Cree Jumps On Takeover Rumors [View article]