LONDON (Alliance News) - Hydro International PLC said Friday that it has received an approach which may or may not lead to an offer for the company from Hanover Investments Management LLP.
Shares in the storm water and waste water management company were up 13% at 202.00 pence following the announcement.
Hydro International said that there can be no certainty an acquisition will occur, or to the timing or exact terms of any such deal. Under UK takeover code Hanover has until June 17 to either make an offer or walk away.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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