FKI, IMI

"FKI rose 5¾p to 70½p, just above its 70p offer from Melrose, on reports that Blackstone might offer 90p to 95p. This fed speculation of a private equity bid for fellow mid-cap engineer IMI, up 13¾p to 380¾p."

http://business.timesonline.co.uk/tol/business/markets/article3353395.ece