18th Apr 2016 13:49
LONDON (Alliance News) - Watchstone Group PLC Monday confirmed that it has recently received a "draft and highly conditional, non-cash proposal from a private company".
The company, formerly known as Quindell PLC, said it has rejected the draft proposal as being unworkable, but said the correspondence may or may not lead to a further proposal being made for the company.
Shares in Watchstone were up 8.4% at 237.19 pence Monday afternoon, having jumped as high as 256.74 pence earlier in the day.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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