RAY

"Raymarine, the provider of navigation devices for yachts, rose 47¾p to 293¾p after receiving a bid approach. Panmure Gordon raised its price target to 315p saying “in our view, a trade buyer could conclude a deal at 385p”, while private equity would manage only 325p."

http://business.timesonline.co.uk/tol/business/markets/article3671361.ece