Shares in Touchstar PLC (LSE:TST) were up as much as 10% in morning trading following news that the company could be put up for sale as part of a strategic review aimed at enhancing shareholder value.
The review will explore various options, including a potential sale of the business, its assets, or other related transactions.
The mobile data computing solutions provider, which operates across several industrial sectors, has previously received informal approaches regarding mergers and sales, but the Board now seeks to consider these opportunities more formally.
While it is not currently in discussions with any potential buyers, the company said it remains optimistic about Touchstar's growth potential and cash-generation capabilities.
After the initial surge, the stock settled at 105p, up.