Palm shares surge in heavy volume on takeover talk

NEW YORK, April 7 (Reuters) - Shares of Palm Inc PALM.O jumped more than 20 percent to $4.62 in heavy volume on Wednesday, a run-up that traders attributed to takeover speculation.

The stock was the biggest volume gainer on Nasdaq.

(Reporting by Ellis Mnyandu; Editing by James Dalgleish)

((Ellis.Mnyandu@thomsonreuters.com; Tel: +1 646 223 6085; Reuters Messaging:ellis.mnyandu.reuters.com@reuters.net)) Keywords: PALM/STOCK

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