HomeServe shares shot higher on Wednesday following a report that Brookfield Asset Management is nearing a takeover of the household repairs provider.
According to Bloomberg, the deal is set to value HomeServe at about $5bn and would be one of the UK’s largest take-private transactions this year.
It was understood that Brookfield is hammering out final terms of a transaction and could reach an agreement in the coming days.
At 1105 BST, the shares were up 13% at 1,100p.
