10th Sep 2018 08:31
LONDON (Alliance News) - RPC Group PLC shares jumped on Monday as the plastic products firm confirmed it is holding preliminary discussions with Apollo Global Management and Bain Capital regarding a potential offer for the company.
The stock was trading 23% higher at 841.60 pence per share on the back of the news.
Responding to media speculation, RPC said that the two companies will have until October 8 to either announce "firm intention" to make an offer or step back.
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