Metro Bank confirms takeover approach from Carlyle Group, share surge
Metro Bank Holdings
32.25p
16:40 28/03/24
0.47%
0.15p
Metro Bank surged on Thursday after confirming it has received a takeover approach from funds affiliated with US private equity firm the Carlyle Group.
Banks
3,803.92
17:14 28/03/24
0.51%
19.35
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
FTSE Small Cap
6,388.90
17:14 28/03/24
n/a
n/a
Responding to recent press speculation, the bank said it has engaged with Carlyle in relation to its possible offer and a further announcement will be made as and when appropriate.
"In the meantime, shareholders are advised to take no action," it said.
At 1125 GMT, the shares were up 30% at 133.98p.
Carlyle now has until 2 December to either announce a firm intention to make an offer or walk away.