Weir Group attracts interest from US-based groups – market report
Weir Group (WEIR:LN) has attracted the interest of potential bidders from the US, according to City sources cited by a Daily Mail market report.
The newspaper noted that the listed UK-based company's share price has fallen from close to 2600p in May last year to about 1600p, making the FTSE-100 engineering company a cheap target for potential predators.
Weir Group’s share price closed 67p up at 1661p in London yesterday, 16 July, giving the company a market capitalisation of GBP 3.41bn (EUR 4.89bn).
Source Daily Mail