Mobico Shares Rise More Than 34% After Directors Back Takeover Bid
Mobico shares rose more than 34% to 40 pence after directors said they would likely back a bid from Autobuses de Leon to take the company private.
Shares in London-listed Mobico Group climbed to a 15-month high after the public transport operator’s directors said they would likely support a bid from Autobuses de Leon to take the company private. The stock gained more than 34% to 40 pence in early afternoon European trading, having risen earlier…