Airea PLC (LON:AIEA) was one of the biggest risers on Thursday morning as its shares jumped on news of a possible offer by James Halstead PLC (LON:JHD).
The AIM-listed flooring specialist saw shares climb 27% to 64.5p in early morning trading as James Halstead, an AIM 100 company, announced after close on Wednesday that it is "at the very early stages" of evaluating a possible offer.
James Halstead had made the announcement in response to movements in Airea’s share price on Wednesday, which saw shares closing up 15% at 50p.
James Halstead shares were up 3.7% at 413p in early trading Thursday.