Johnson Matthey's stock has risen by a fifth after a US industrial behemoth purchased a stake in the struggling British corporation, prompting takeover rumours for one of the UK's most venerable multinational businesses.
On Friday, shares in the company, which is listed on London's FTSE 250 index, jumped by as much as 30% after a fund affiliated with New York-based Standard Industries purchased a 5% stake. At lunchtime in....
Tags : United States, Johnson Matthey,
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