FTSE 250 movers: Bid boosts De La Rue

6th Dec 2010 15:46

De La Rue is sharply higher after confirming it has received a bid, the FTSE 250-listed banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. Talk is the all-cash deal valued the UK company, also responsible for printing UK passports, at around £800m, a 25% premium to Friday's price tag of £641m. Shares in De La Rue are up nearly 20%.Punch Taverns, Britain's biggest pub company, is on the rise on press reports that private equity group CVC has the debt-heavy group in its sightsFTSE 250 - RisersDe La Rue (DLAR) 850.00p +31.27%ITE Group (ITE) 230.10p +9.31%Punch Taverns (PUB) 68.95p +6.16%Heritage Oil (HOIL) 400.20p +5.32%Go-Ahead Group (GOG) 1,301.00p +4.50%International Personal Finance (IPF) 332.70p +3.97%Afren (AFR) 139.70p +3.87%Soco International (SIA) 356.20p +3.61%Taylor Wimpey (TW.) 27.34p +3.56%Bodycote (BOY) 278.50p +3.49%FTSE 250 - FallersITV (ITV) 68.50p -3.11%Big Yellow Group (BYG) 332.60p -2.46%Laird (LRD) 154.20p -2.41%Kesa Electricals (KESA) 170.00p -2.30%Ocado Group (OCDO) 166.50p -2.06%Hiscox Ltd. (HSX) 363.00p -1.71%F&C Commercial Property Trust Ltd. (FCPT) 91.40p -1.67%CPP Group (CPP) 270.40p -1.67%Dixons Retail (DXNS) 25.41p -1.66%AG Barr (BAG) 1,088.00p -1.63%