Red24 confirms takeover talks with iJet

AIM-listed risk management company Red24 confirmed it was in discussions on a possible takeover by market peer iJet International as its shares sharply jumped on Monday.

Red24 said discussions are at a preliminary stage and that there can be no assurances that such an offer will be made nor as to the terms on which any offer will be made.

Shares in Red24 were up 26% to 26.16p at 1508 BST.