Thursday, March 6, 2008

FKI

"The FTSE 250 was also down, by 69.40 points to 9944.50. On the FTSE 250, bid talk featured FKI, the engineering group which was courted with an approach from rival group Melrose last month. The market was abuzz with speculation about the suitor's next move. Traders wondered whether or not Melrose, which is due to announce its results to the market today, would enhance its offer to see off a challenge from Blackstone, which is also believed to be interested in the company."

http://www.independent.co.uk/news/business/sharewatch/market-report-murphy-move-fuels-talk-of-bid-for-kingfisher-791356.html