11th Jan 2016 09:03
LONDON (Alliance News) - Laird PLC shares rose on Monday morning following a report in The Sunday Telegraph that it could be a takeover target for US electronics group Amphenol Corp.
The newspaper said it understood Amphenol, which makes electronic and fibre optic connectors, cables and interconnector systems, has been running the rule of Laird, the radio frequency engineering and wireless components maker.
The process is at an early stage and may not ultimately lead to a bid, the Telegraph said, but Amphenol is understood to have been attracted by Laird's relative discount to peers.
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/12090947/American-rivals-circle-electronics-maker.html
The stock was up 9.6% to 360.53 early Monday, the top riser in the FTSE 250, giving the company a market capitalisation of GBP966.6 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
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