Focus shares rocket amidst takeover talks
Shares at Leamington Spa-based Focus Solutions continued to climb this morning, as they reached a high of 136.2p. The increase of 2.8 per cent is a result of the company’s continuing takeover talks.
The financial services software company released a statement to the London Stock Exchange this week, confirming it was in “preliminary discussions” with potential buyers.
The company said it had “noted” the rise in its share price, and added: “Discussions are at an early stage and there can be no certainty that an offer will be made or as to the terms on which an offer might be made.”
The board, which is being jointly advised by Cavendish Corporate Finance and Capital Strategy Corporate Finance, said it will make a further announcement “when appropriate”.
