IMI shares jump amid market chatter around possible PE interest
IMI
1,824.00p
12:40 24/12/24
0.05%
1.00p
Shares of engineering group IMI jumped in afternoon trading amid speculation of potential interest from private equity.
FTSE 250
20,571.51
13:00 24/12/24
n/a
n/a
FTSE 350
4,491.87
12:54 24/12/24
n/a
n/a
FTSE All-Share
4,449.61
13:14 24/12/24
n/a
n/a
Industrial Engineering
12,342.81
12:54 24/12/24
0.90%
109.59
According to Betaville, which described such reports as "uncooked", there was talk in markets of a possible bid for the group from a PE investor.
As of 1603 BST, IMI stock was trading 2.83% higher at 1,707.0p, having earlier hit a record high of 1,732.0p.