"Traders agreed that Bodycote International, the heat-treating and coatings business which last April rejected a £1.1bn approach from Swiss rival Sulzer, could be vulnerable. Since knocking back Sulzer's advances, the shares have tumbled from around 320p. Yesterday it recovered 7¾ to 203¾p."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/11/cxmktrep111.xml