Elementis shares rise after takeover approach report
Elementis
148.40p
16:44 28/03/24
Elementis shares jumped after the chemicals company was reported to have received a takeover approach from a US private equity firm in 2020.
Chemicals
9,511.62
17:14 28/03/24
FTSE All-Share
4,338.05
16:50 28/03/24
FTSE Small Cap
6,388.90
17:14 28/03/24
Sky New's Mark Kleinman said Elementis was approached by Lone Star Funds earlier in 2020 but that the companies were not in takeover talks now.
The company's shares rose 10% in early trading and were up 4.6% to 102.5p at 08:22 GMT.
Kleinman said on social media: "Amid an upturn in overseas bidders targeting listed UK companies, I understand that FTSE 250 chemicals group Elementis received a takeover approach from the American private equity firm Lone Star Funds earlier this year; there are no live talks between them, however."