"Investec cast doubt on the likelihood of an imminent bid for engineering group IMI. The broker said that any possible buyer is likely to wait until they know the outcome of the investigation into irregular payments at IMI's severe service division and the extent of any possible fine from the US Department of Justice. IMI shares gained ¼ to 39¼p."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/14/cxmktrep114.xml