Intec Telecom Systems shares rocketed 39% after the British billing company confirmed that it is in discussions with a third party, which may or may not lead to an offer for the company.
Intec said in a statement: "Discussions are at a very early stage and as such there can be no certainty as
to whether any offer will be forthcoming nor as to the level at which any offer
might be made."
The shares gained 21.25 pence to 76.5 pence at 12:10pm.
The company said in May that its first half adjusted pretax profit plunged by 52% because of order delays, pricing pressures and unfavourable exchange rates.
