Home news Spire shares hit as takeover talks end

Spire shares hit as takeover talks end

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Shares in private hospital group Spire dropped sharply after Mediclinic scrapped a bid for the company.Spire had rejected a revised bid that valued its shares at 315.5p each, saying the offer “undervalued Spire and its prospects”.Shares in the FTSE 250-listed Spire fell more than 7% on the news, while Mediclinic – a FTSE 100 member – dropped 3.7%.The FTSE 100 index was down 26.11 points at 7,354.57 in early trade.Shares in Thomas Cook were up more than 5% following some upbeat broker comment. Panmure raised its rating on the travel company to “hold” from “sell”, while HSBC gave the firm a “buy” rating.On the currency markets, the pound rose 0.3% against the dollar to $1.3262 and was 0.2% higher against the euro at €1.1233.
Source: BBC