Carillion (CLLN.L): Speculative Vultures Circling?
Carillion (CLLN), the British support services business is rumoured to be aware parties are running the rule over them. The contenders could be those such as international private equity companies / Middle East infrastructure funds / sovereign wealth funds. The company is said to have taken on advisers, concerned it could be caught out by speculative vultures. Even their bankers suggesting they are vulnerable!
In the City of London, some are even saying Carillion has already had a knock on the door / a takeover approach. As the share price is so low and gives the impression of being falling knife, a bid around 275p could be delivered, and perhaps would be more than enough as an offer level.