CORRECTED-BUZZ-UK's Chemring soars after report on possible acquisition by Bain Capital

Corrects spelling of company name in headline

Shares of global aerospace and defence products manufacturer Chemring CHG.L up as much as ~16% to 416 pence

Stock at its highest since August 2024; top gainer on FTSE 250 index .FTMC which is down 0.08%

Sky News reports that U.S. private equity firm Bain Capital has made at least one proposal to acquire CHG in recent weeks

Sky reports that an initial offer may have been tabled at 390 p per share

This represents a premium of ~9% to CHG's last close, on Friday

Report says a second offer had been under preparation by Bain; unclear if it was presented to CHG's board

CHG up ~26% YTD