Imagination Technologies - a takeover target?

|About: Imagination Technology Gro... (IMGTY)|By:, SA News Editor

Shares in Imagination Tech (OTC:IMGTY) are up 5.6% in London on a report it could become a takeover target.

Credit Suisse upgraded its rating on the firm, saying it saw potential M&A interest from Chinese suitors.

The call comes after Apple terminated its contract with the company, sending the stock into free-fall in yesterday's trade.