Senior soars after rejecting takeover proposal
A look at Friday s major share movers on the London Stock Exchange
Senior PLC (LON:SNR) soared 36% to 161.3p after Lone Star Global Acquisitions confirmed that it made a third proposal to Senior regarding a possible cash offer for 176p per share.
However, the board of the engineering solutions provider has rejected it.
Lone Star said it is considering its position and has until 25 June to decide whether to make another offer or to drop its takeover plans according to London Stock Exchange rules.
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Senior Plc soars after rejecting takeover proposal proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Senior Plc soars after rejecting takeover proposal proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.