SIG lifted by bid chatter
Shares in SIG, the UK-based insulation and construction supplies company, rose on 19 August amid talk of a possible takeover bid, The Times reported. The market report, which described the bid rumours as “vague”, noted that SIG’s shares ended the day’s trading at 183p (USD 3.04), up 5.25p. The unattributed takeover speculation was also mentioned in a Daily Express market report.
London-listed SIG has a GBP 1.1bn market capitalisation.
Source The Times (London), Daily Express