Shares in Xpediator PLC (AIM:XPD), the London-listed logistics company, surged 22% after receiving a bid proposal from a consortium including the investment vehicle of its former boss, Stephen Blyth.
The consortium’s proposal is a bid at around 42p per share in cash with a partial loan alternative.
The company said it was evaluating the proposal but remained “confident in the company's prospects as a stand-alone listed business.