9th Aug 2021 11:33
(Alliance News) - Shares in SSE PLC rose on Monday after the Mail on Sunday reported over the weekend that US activist investor Elliot Management has secretly built up a large stake in the UK electricity utility.
The newspaper reported that Elliot's stake could mean a possible takeover bid of around GBP20 billion for SSE. However, the report noted it was not clear how large Elliott's shareholding in SSE was and why it has taken the position in the London-listed energy provider.
SSE shares were up 3.7% at 1,602.75 pence on Monday, the best performer in the FTSE 100.
https://www.thisismoney.co.uk/money/markets/article-9871949/SSE-set-20bn-takeover-corporate-raider-Elliott-builds-stake.html
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