UK's Ocean Wilsons hits record high on possible deal with Hansa

Shares of British investment holding company Ocean Wilsons Holdings OCN.L advance as much as 6.8% to a record high of 1,575 pence

Stock among top gainers on FTSE mid-cap index .FTMC

Hansa Investment Company HAN.L to possibly acquire co in an all-share combination

Under terms, OCN shareholders to receive voting and non-voting shares in Hansa

"The combination could bring scale and liquidity, lower fees, and on-market share buyback of 2-4% of share capital each year," Peel Hunt analysts say

Co also proposes return of up to 123 million pounds ($166.8 million) to shareholders via tender offer

Including session's gains, OCN up ~19% YTD

($1 = 0.7372 pounds)