IMI shares jump amid market chatter around possible PE interest
IMI
1,815.00p
16:45 28/03/24
0.06%
1.00p
Shares of engineering group IMI jumped in afternoon trading amid speculation of potential interest from private equity.
FTSE 250
19,884.73
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
Industrial Engineering
14,461.75
17:14 28/03/24
-0.14%
-19.60
According to Betaville, which described such reports as "uncooked", there was talk in markets of a possible bid for the group from a PE investor.
As of 1603 BST, IMI stock was trading 2.83% higher at 1,707.0p, having earlier hit a record high of 1,732.0p.