	outboard marine om rising on takeover rumor wall street traders said the stock of outboard marine corp was rising on a rumor over a cable television program that outboard is a likely takeover target of sun chemical corp snl outboard was up to on tuesday it rose to tuesday a report on cable news network today said sun chemical has pct of outboard and is conducting a study on whether to go for control of the whole company an outboard marine spokesman would not comment on the rumor the cable program said a buyout of outboard would be for up to dlrs a share or for a total of mln dlrs a spokesman for sun chemical was not immediately available outboard marine last june adopted a shareholder rights plan that will be triggered when a person or group uires beneficial ownership of pct or more of its common or begins a tender offer that would result in pct ownership wayne jones vice president at outboard for strategic planning said management wants to stay independent we are not trying to sell the company we are proceeding with our strategic plans he said that plan includes integrating five boat companies that outboard marine has bought since the middle of december jones said all five will cost between mln dlrs to mln dlrs an analyst who wanted anonymity said dlrs a share is a decent price for outboard a bdding war to or dlrs a share is stretching it maybe dlrs a share tops he said outboard which has mln shares outstanding is in registration for a two mln common share offering with morgan stanley inc it makes sense the analyst said for sun chemical to strike before the offering is underway reuter 
