Summary
EVERY dog has its day. Insurance software provider Innovation Group soared 3.11p to 7.41p on hefty turnover of 9.2m shares after receiving a bid approach worth Pounds 100m, or 15p a share, from private equity firm Carlyle.
Comments made by KBC Peel Hunt's analyst Simon Strong echoed what a lot of investors immediately thought. Given Innovation's recent trading history, major shareholders, led by M& G (9.9pc), should jump to accept this potential offer.See the full content of this document
Extract
Innovation Soars On Bid Approach ; Market Report
Innovation has attracted many colourful speculators over the years including Robert Bonnier, the former dotcom millionaire, who once built a sizeable strategic stake in the company in the hope that...
See the full content of this document
Sponsored links
