RSA stops trading amid acquisition rumors

Published 29 June 2006

Trading of shares for Massachusetts company was halted during morning trading in New York after a story in New York Times regarding possible acquisition

Shares for Bedford, Massachusetts-based RSA Security were suspended during the morning today amid speculation of a possible acquisition. The New York Times reported that there are two bidders in the possible deal, one of which is included Hopkinton, Massachusetts-based data security device maker, EMC. These reports, however, are unconfirmed. RSA released a statement in response to the Times article, but stopped short of naming any potential bidders. “RSA Security is currently engaged in negotiations with parties regarding a potential strategic transaction. No definitive agreement has been reached,” the statement said.”

RSA put itself up for sale several months ago. The company has $322 million in annual revenue and $40.5 million in net income, and is valued at $1.46 billion.