Scotpower Climbs On Talk Germans Are Ready to Bid ; Market Report

Summary


TALK of a German bid for Scottish Power resurfaced again yesterday as the shares began ticking higher, stopping just a few pence shy of a record 587p.

City speculators say E.On may at last be ready to pounce, having been forced to make known its intentions by the Takeover Panel more than a month ago.

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Extract


Scotpower Climbs On Talk Germans Are Ready to Bid ; Market Report

E.On is one of Europe's biggest utility suppliers and already owns another British electricity generator, Powergen.

There has been a lot of posturing in recent weeks but the feeling in the Squ...

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