FinnCap in early takeover talks with Panmure Gordon
Cavendish Financial
10.10p
12:35 24/12/24
3.59%
0.35p
Investment bank FinnCap confirmed on Tuesday that it has received indicative non-binding takeover proposals from rival Panmure Gordon.
Financial Services
17,588.17
12:54 24/12/24
0.77%
133.83
FTSE AIM All-Share
717.40
13:14 24/12/24
n/a
n/a
Panmure Gordon & Co
99.00p
17:09 18/07/17
0.00%
0.00p
Responding to press speculation, FinnCap said talks between the two are still at an early stage.
"There can accordingly be no certainty that any offer will ultimately be made for the company, nor as to the terms on which any offer might be made," it said.
It added that further announcements will be made in due course as appropriate.
At 0818 BST, FinnCap shares were up 33% at 18.00p.