RS Group could be in line for £15 a share takeover bid - report

RS Group - formerly Electrocomponents - surged on Monday after The Times reported over the weekend that it could be the subject of a takeover bid.

The Times pointed to speculation of a possible £15 a share bid, which is a significant premium to the present share price and above the £12.35 high it hit last November before worries about a recession kicked in.

The latest talk is of instructions going out to advisers to prepare to people the barricades in the event of unwelcome tanks being parked on RS Group’s lawns, The Times said.

At 0855 BST, the shares were up 4.7% at 1,139.00p.