Old Mutual rises amid rumoured takeover interest from US private equity - report
18 JUL 2017
Shares in Old Mutual [LON:OML, JSE:OML] rose slightly yesterday, 17 July, amid speculation of a potential bid from a private-equity firm, The Times reported. City chatter suggested a US-based buyout company is eyeing the London-headquartered financial services group, the market report said, without naming the prospective buyer.
Old Mutual has a GBP 9.6bn (USD 12.6bn) market cap and its shares ended the day up 3.5p at 197.5p.