Car­il­lion takeover talk boost to shares

The Press and Journal (North-East) - - BUSINESS - BY RE­BECCA BUCHAN

Car­il­lion shares jumped more than 5% af­ter the in­fra­struc­ture giant con­firmed it had re­ceived mul­ti­ple takeover bids for its UK health­care busi­ness.

The com­pany is­sued a mar­ket state­ment af­ter a spate of me­dia spec­u­la­tion about a pos­si­ble sale, hav­ing flagged up in its half-year re­port that dis-

“Mul­ti­ple takeover bids for its UK health­care busi­ness”

cus­sions re­gard­ing its UK and Cana­dian health­care busi­nesses were “on­go­ing”.

“The Board of Car­il­lion con­firms that, con­sis­tent with Car­il­lion’s an­nounce­ment on Septem­ber 29, 2017, it has re­ceived pro­pos­als from more than one cred­i­ble coun­ter­party for a pos­si­ble ac­qui­si­tion of that busi­ness,” the com­pany said.

“A fur­ther an­nounce­ment will be made as and when ap­pro­pri­ate.”

It sent Car­il­lion shares up more than 5% or 2.5p to 46p in af­ter­noon trad­ing.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.