White Young Green denies takeover talks as shares spike

Troubled multidiscipline consultancy White Young Green plc has taken the unusual step of issuing a statement denying it is in takeover discussions, as its share price soared at the end of last week partly in response to market speculation

23-Apr-09 Over the past three months, the the company’s share price has fallen from a high of nearly 60p on 22 January to a low of 6.5p on 17 March. But on 16 April, WYG’s share price rose by more than 150%, and continued to rise the following day on the news that five WYG directors, including the company's chairman and chief executive, were raising their holdings in the firm through the purchase of a total of 158,000 shares at 26.3p each. The...

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