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Rolls-Royce shares rise amid rumors of a potential takeover bid

Rolls-Royce shares rise amid rumors of a potential takeover bid

Rolls-Royce shares rose yesterday amid rumors of a potential takeover bid.

According to a blog post on financial news site Betaville, the FTSE 100 jet engine maker may be on the verge of being involved in a “significant corporate transaction” with an as yet unidentified prospect.

Rumor: The FTSE 100 jet engine maker could be involved in a “significant corporate transaction,” according to a blog post on financial news site Betaville

Shares rose 19.3 percent or 17.8 pence to 110.1 pence on Friday as speculation gripped the market.

Analysts at brokerage Jefferies said British defense giant BAE Systems was the “obvious candidate” for a potential buyer as the UK government’s “golden share” in Rolls-Royce, which allows it to veto deals, discourages “purely opportunistic” offers would .

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Rolls-Royce shares rise amid rumors of a potential takeover bid

Source link Rolls-Royce shares rise amid rumors of a potential takeover bid

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