Pinewood Technologies motors higher on Apax takeover talks

Shares in Pinewood Technologies (PINE) motored higher 23.5% to 475.8p on confirmation the automotive software provider is in talks with private equity group Apax Partners over a possible cash offer pitched at 500p. Share price: 475.8p PE: 40.8 Market cap: £444m Yield: n/a A £575.5 million takeover would see Pinewood disappear from the London stock … Continue reading Pinewood Technologies motors higher on Apax takeover talks