By Maitane Sardon
ME Group International said it is seeking potential buyers for all or some of its shares as it aims to enhance shareholder value.
The London-listed vending machine operator's stock has recently experienced increased volatility amid media speculation about a potential takeover.
It said Wednesday that it is now in an offer period as defined by U.K. takeover rules, although it hasn't yet received any proposals.
ME Group International's current market capitalization is 795.68 million pounds ($1.07 billion). Shares are up 6% at 223.50 pence in afternoon trade in London.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
June 18, 2025 08:08 ET (12:08 GMT)
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