Lone Star ups bid for Quintain after Elliott intervention
The initial bid was at 131p per share, but reports surfaced on Thursday that Elliott Capital Advisers was not happy with the deal.
Company
Quadrise PLC
LON:QED
Quadrise PLC is an energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications. The company's technologies produce transition fuels called MSAR ® (pronounced ‘em-sar’) and bioMSAR ™ , which allow clients in the shipping, utilities and industrial sectors to reduce carbon emissions whilst also saving costs.
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Risers & Fallers: Quintain Estates, ARM, Johnson Matthey, Unilever and Ultima Networks
Below are the main news-driven share price movements at midday.
Investments and investor services
FTSE ends flat despite takeover rumours
The FTSE 100 which closed 2 points lower to 6,686.
Investments and investor services
Footsie rises on results cheer before Fed decision
Banks and oil majors rise but Sky shares do a U-turn
Wembley Arena landowner Quintain sold to US investment firm
London landowner Quintain has agreed to be taken over by Lone Star real estate.
Investments and investor services
Risers & Fallers including Nighthawk Energy, Greggs, Renishaw, Tullow, Lonmin and more...
Both ends of the risers and fallers were due to drilling updates.
Investments and investor services
FTSE 100 sucked higher in US's slipstream
UK investors shrugged off concerns over Greece to follow US equities higher in the afternoon session
FTSE 100 dragged higher in US's slipstream
A firm start on Wall Street encouraged a rally in London