Overview
- Spire said it is in preliminary discussions with buyout firms including Bridgepoint and Triton as it explores strategic options.
- Shares rose roughly 16%–20% to about 207p in Monday trading following the company’s confirmation of talks.
- The company cautioned there is no certainty that any offer will be made or what terms any offer might contain.
- Rothschild & Co is advising Spire as part of a strategic review that began in September.
- Under City rules, the named parties have until 5pm on Feb 21 to make firm bids or walk away.