"Shares in business travel company Hogg Robinson gained 7 per cent to 61p Tuesday because of rumours it could be a takeover target for BCD, a family-owned rival with a large presence in the US travel market. Shortly before Christmas, Beverweerd Investments declared a 4.3 per cent holding in HR."
http://www.ft.com/cms/s/0/dd2c6124-dec7-11dc-91d4-0000779fd2ac,s01=1.html