Published Date:
22 July 2008
RUMOUR OF THE DAY
SPECULATION was rife last night over a possible takeover bid for Detica, which builds intelligence systems.
Shares in the technology company, which is involved in improving the UK's border security, closed up 32.5 per cent at 401.5p.
Press reports linked BAE Systems with an informal offer for Detica, but analysts speculated Italy's Finmeccanica, along with Lockheed Martin and Northrop Grumman, both US groups, may also be interested in buying the UK firm.
The value of Detica to potential bidders increased after it was included in the Trusted Borders consortium led by Raytheon Systems.
The group recently secured the contract for the next phase of the government's e-borders programme, which will supply screening equipment.
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Last Updated:
21 July 2008 9:00 PM
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Source:
The Scotsman
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Location:
Edinburgh
