18th Feb 2015 13:45
LONDON (Alliance News) - Shares in De La Rue PLC are trading higher on Wednesday, having closed up around 5% on Tuesday on the back of continued speculation about a bid for the company from French digital security company Oberthur Technologies.
Shares in the banknote printer were up 5.5% on Wednesday afternoon, one of the best performers in the FTSE 250, after the Daily Mail reported on Tuesday that the company is understood to have attracted the attention of Oberthur and unnamed European private equity houses.
Oberthur had previously made a bid for De La Rue in 2011, but walked away from the deal after De La Rue reportedly refused to engage in any talks over a potential takeover.
http://www.thisismoney.co.uk/money/markets/article-2957390/MARKET-REPORT-Rumours-757m-bid-Oberthur-private-equity-group-lift-La-Rue-shares.html
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
De La Rue