LAD

"There was continued talk of a bid for Ladbrokes, which helped its shares rise 9p to 321¼p. However, Evolution, the broker, which has proposed a nil-premium merger with William Hill, up 15¾p at 408¾p, cautioned that the next news from Ladbrokes would show a slowdown in trading and its shares would then trade down to 250p – at the multiple already applied to Hill."

http://business.timesonline.co.uk/tol/business/markets/article3372143.ece