Shares in Morse have jumped by nearly a fifth after the technology group revealed a takeover approach.
It said it was in advanced talks about a 51p a share bid, although it made the usual caveat that there was no guarantee a deal would happen. At that level the company would be valued at around £65m. In the market Morse's shares have climbed 7.25p to 48.5p. Industry talk suggested rival 2e2 was the other party concerned.
Last August Morse terminated talks about an offer worth 25p a share, saying it undervalued the business. Doesn't that now look a good call.
