"FKI fell 1p to 66p after Melrose said that it was the mystery predator and that it was considering offering 70p a share in cash and shares. Melrose lost ½p to 149½p. Kaupthing said that Melrose could pay 89p a share, raise £300 million in a share issue and still enhance its earnings by 24 per cent."
http://business.timesonline.co.uk/tol/business/markets/article3309023.ece