(Sharecast News) – RS Group surged on Tuesday after markets blog Betaville pointed to “a fresh round of takeover speculation” in one of its latest uncooked alerts.
Betaville said that people following the situation have heard rumours that RS Group, a distributor of electrical products and components, has attracted takeover interest. However, the identity of the company interested in RS Group remains unclear.

According to Betaville, some people following the situation had heard a private equity firm had recently made an approach for RS. Other people suggested RS Group may have attracted interest from a US-based industry rival.

In August 2022, RS Group was at the centre of bid speculation. Back then, The Times suggested RS Group was preparing its defences ahead of a potential offer around £15.00 a share.

Related articles

Fidelity and Abrdn China funds agree to merge

Fidelity and Abrdn China funds agree to merge

(Sharecast News) - Fidelity China Special Situations (FCSS) announced an agreement with Abrdn China Investment Company (ACIC) on Tuesday over a proposed combination of the two entities. If approved by their respective shareholders, the combination would take place...

Latest Articles

Join our mailing list

Subscribe to our mailing list to receive regular updates!