"Talk of corporate action at Photo-Me International, the operator of photo booths, helped the underperforming shares to climb 2½p to 31¾p.
Cantor Fitzgerald acquired an 11 per cent stake, or 40 million shares, for an unnamed buyer, and Steel Partners, the activist shareholder, was thought to be transferring its 11 per cent stake into a nominee account before a sale to a potential bidder."
http://business.timesonline.co.uk/tol/business/markets/article3213308.ece
