"Engineering group FKI ended flat at 77¾p although market sources said that it was about to agree to be taken over by buy-out group Melrose in a cash-and-shares deal equivalent to around 84p a share. Melrose ticked up 3¼ to 149p."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/22/cxmktrep122.xml