UK's Renold near decade high on dual takeover bids
ReutersMay 20, 2025 10:17 AM
Shares of Renold RNO.L up nearly 37% at 75p, highest since Sept 2015
Stock on track for biggest one-day pct gain since April 2020
Industrial machinery and equipment maker confirms it has two non-binding all-cash takeover proposals, says board is engaging with both
At current price, company's market value is about 169 mln pounds ($225.95 mln)
The latest proposal of a consortium comprising Buckthorn Partners LLP and One Equity Partners IX LP came in at 81p per RNO share, the company said
Webster Industries Inc.'s latest proposal was 77 p per RNO share
Including session gains, stock up nearly 63% YTD
($1 = 0.7479 pounds)
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