"The waste management group Biffa retreated as the possibility of a counter-bid for the group receded. It fell 2 per cent to 318.5p on news that HG Pooled Management had pulled out of the bidding consortium with Montagu Private Equity. The supposed rival bidder, Global Infrastructure Partners, has taken its place on the 350p per share offer."
http://www.independent.co.uk/news/business/analysis-and-features/market-report-vodafone-rises-after-talk-of-us-operation-sale-773899.html