"Engineering group IMI was back in focus on Thursday as bid rumours continued to circulate. Earlier this week, its shares rose sharply on talk of predatory interest from a private equity group. The shares jumped again on Thursday amid chatter that Honeywell, the US industrial conglomerate, was poised to make an offer for the Birminingham-based company."
http://www.ft.com/cms/s/0/4ca2f720-dad1-11dc-9fdd-0000779fd2ac.html