Morning rise for Durex maker

Manufacturing News, Source : TheManufacturer.com
Published : 04 Apr 2007 13:19
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Shares in SSL International – the maker of Durex condoms – have risen sharply following speculation of a takeover approach.

Shares in the company, which also owns of the Scholl footwear brand, soared by as much as 11 per cent as traders anticipated a bid – rumoured to be from Johnson & Johnson at 465 pence per share.

In mid-morning trading, SSL shares were 6.3 per cent, or 25.5 pence, higher at 425.25p.

SSL said it had not received an approach.

 

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