Pearson shares surged on Friday after US asset manager Apollo Global Management confirmed it is in the preliminary stages of evaluating a possible cash offer for the educational publisher.
At 1120 GMT, Pearson shares were up 24% at 807.20p.
“There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made,” Apollo said, adding that a further announcement will be made as appropriate.
Under UK takeover rules, New York-based Apollo has until 1700 GMT on 8 April to either announce a firm intention to make an offer or walk away.
