23rd Jul 2018 11:40
LONDON (Alliance News) - The top shareholder in RPC Group PLC warned the plastic products maker is "highly vulnerable" to a takeover approach, the Daily Telegraph reported on Saturday.
According to the newspaper, Standard Life Aberdeen, which holds a 10% stake, said RPC's low share price could spark bid interest from overseas rivals and private equity firms.
The stock is down 11% so far in 2018, with shares having hit a low of 642.40p in June - its worst price since February 2016.
RPC shares were up 1.6% at 776.80 pence, among the best FTSE 250 performers on Monday.
https://www.telegraph.co.uk/business/2018/07/21/rpc-meltdown-puts-investors-bid-alert/
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