Cavanagh in takeover talks
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IFA firm Cavanagh has announced it is in takeover talks that could lead to the firm being acquired.
In a statement to the stockmarket this morning, the firm says it has entered into preliminary discussions, which may or may not result in an offer being made for the company.
The firm’s share price has increased over 20 per cent in recent days, from 90p on Jan 25 to 109.5p this morning.
The firm, which had around 60 advisers last May, last announced profits before tax of £782,422 for the year ended December 31, 2009, compared to £207,763 for 2008.
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Readers' comments (1)
Anonymous | 2 Feb 2011 11:27 am
"share price has increased over 20 per cent in recent days, from 90p on Jan 25 to 109.5p this morning".....before the announcement!!
Interesting?
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