Summary
SHARES in United Utilities ticked higher today as fresh takeover talk helped it buck the downward trend seen elsewhere in the water sector.
Rumours of a 900p-a-share bid worth Pounds 8 billion swept through the City, sending UU shares up 6p to 776p. Chief executive Philip Green put the electricity distribution business up for sale earlier this month as he looks to break up the company.See the full content of this document
Extract
United Pulls Ahead On Talk of Pounds 8bn Offer
The move immediately saw speculators talk up the stock as takeover fodder, although analysts today said a potential bid could be some way off. The gains at UU were not m...
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