"Pub company Mitchells & Butlers added 2.9 per cent to 454¾p on talk that Kohlberg Kravis Roberts, the private equity group, had decided to explore the possibility of an offer. Traders noted that Roger Carr, M&B chairman, was preparing to step aside from his role as senior adviser at KKR."
http://www.ft.com/cms/s/0/42880bd4-e505-11dc-9334-0000779fd2ac.html