Engineer Fki Up a Gear On Hopes of Bid Battle

Summary


ENGINEERING group FKI edged up 11/2p to 1391/2p today on hopes that an initial bid approach of 130p a share

unveiled last night after the market closed

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Extract


Engineer Fki Up a Gear On Hopes of Bid Battle

will tempt more buyers out of the woodwork.

With four distinct businesses, FKI could be carved up and sold off without too much difficulty. However, while it is highly cash- generative, it als...

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