Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Stock jumps 70% as electronics technology company recommends takeover

LAIRD (LRD) 202p

Gain to date: 69.3%

Original entry point: Buy at 119.3p, 8 February 2018

The private equity analysts at US firm Advent International clearly agree with our assessment that Laird (LRD) was too cheap given the recovery potential.

In true Victor Kiam style, they liked it so much they’re buying the company, tabling a 200p per share, near-£1bn offer that was immediately recommended by the Laird board.

We note the share price has nudged beyond the 200p offer price, suggesting modest hopes that a rival offer could yet emerge although Shares believes this is unlikely. We suggest you sit tight and wait for events to unfold.


‹ Previous2018-03-08Next ›