Acquisition hysteria grips Reuters

http://www.guardian.co.uk/business/story/0,3604,1564149,00.html

 

Reuters, the news and financial information group, became the latest stock to be caught up in the acquisition craze sweeping the London market.

Its shares, which have underperformed the wider market by nearly 15% over the past three months, closed 6.75p higher at 368.5p yesterday, excited by wild talk of a bid from Google.

The search engine recently announced plans to raise $4bn (£2.2bn) through a secondary share issue, a move that triggered speculation that the company, which already has $3bn on its balance sheet, is to hit the acquisition trial.