Weir Group the subject of takeover chatter
Weir Group (WEIR:LN), a UK-based engineering group, was the subject of takeover speculation yesterday, 15 April, according to The Guardian’s market report. The Market forces blog on The Guardian’s website did not cite a source for the rumour and did not mention any potential bidders.
The article also mentioned a 2.4% rise in the price of Brent Crude, which is relevant as Weir’s customers are in the oil and gas sector.
Weir Group’s share price closed 25p up at 1905p in London yesterday, valuing the company at GBP 4.06bn (EUR 5.63bn).
The Guardian