"Engineering group FKI jumped 5¾ to 70½p on speculation that Blackstone, the US private equity giant, was mulling a 90p-95p bid. Melrose, an engineering investment group, has already tabled a 70p-a-share proposal for FKI, which has seen its share price collapse in the market sell-off."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/12/cxmktrep112.xml