I'd say the rumors are made up. While in the headline there it's not mentioned in the article itself. Why would the stock go down if there were takeover rumors?
This is a good observation. All I can think of is that generally the impact of unconfirmed take over offers that might not happen is significantly less than missing earnings projections.
I imagine if anything ends up gaining steam you'll see people jump on board hoping for a premium on the stock purchase.
I imagine if anything ends up gaining steam you'll see people jump on board hoping for a premium on the stock purchase.