- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesShare ChatFinance NewsSharecast NewsRegulatory NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
Finance & Stock Market News
Yell shares jump on talk of bid interest -traders
Thu, 2nd Sep 2010 12:37
LONDON, Sept 2 (Reuters) - Shares in Yell Group jumped more than 20 percent on Thursday, with
Yell, whose shares lost nearly 40 percent last month, declined to comment.
Several traders said there was talk of a 30 pence per share bid for the UK company, and one dealer cited Google as a potential bidder.
However, some were not convinced.
'Seriously, who would want to buy a company with so much debt? It makes no sense to me,' one trader said.
More than 22 million shares changed hands by 1118 GMT, compared with a daily average 12.9 million shares in the past 30 days, according to Reuters data.
Yell shares have fallen 53 percent so far this year, underperforming a 8.5-percent gain in the UK mid-cap index .
(Reporting by Dominic Lau, Simon Falush, Atul Prakash and Paul Sandle) Keywords: YELL SHARES/
(dominic.lau@reuters.com; +44 20 7542 5440; Reuters Messaging: dominic.lau.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
traders citing market talk of bid interest for the British yellow-pages publisher.
Yell, whose shares lost nearly 40 percent last month, declined to comment.
Several traders said there was talk of a 30 pence per share bid for the UK company, and one dealer cited Google as a potential bidder.
However, some were not convinced.
'Seriously, who would want to buy a company with so much debt? It makes no sense to me,' one trader said.
More than 22 million shares changed hands by 1118 GMT, compared with a daily average 12.9 million shares in the past 30 days, according to Reuters data.
Yell shares have fallen 53 percent so far this year, underperforming a 8.5-percent gain in the UK mid-cap index .
(Reporting by Dominic Lau, Simon Falush, Atul Prakash and Paul Sandle) Keywords: YELL SHARES/
(dominic.lau@reuters.com; +44 20 7542 5440; Reuters Messaging: dominic.lau.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
