CNE

"Cairn Energy, the Edinburgh-based oil and gas exploration and production company that has various interests in the Indian subcontinent, was the talk of the town yesterday. The speculation, which took Cairn to an intra-day high of 3,006p, centred on ENI, the Italian energy giant, which was said to be mulling a 4,000p-per-share bid for the company."

http://www.independent.co.uk/news/business/sharewatch/market-report-cairn-soars-after-rumours-of-bid-from-eni-794493.html