SHARES in Forth Ports, the Scottish operator, soared today by 24.6%, to a 52-week high of £13.92 ($21.11), in reaction to a possible takeover bid.
But the Forth Ports board rejected the proposed offer by the Northstream consortium, which had already been raised to £13.40 per share on 3 February from an original offer of £12.85 per share, made on 28 January.
“The board considered both of these proposals carefully,” a company statement s ...