Home / Royal Mail / FTSE 250 movers: Calisen surges on takeover offer; Frasers retreats

FTSE 250 movers: Calisen surges on takeover offer; Frasers retreats

Mike Ashley’s Frasers Group was in the red, having rallied a day earlier after lifting its full-year profit guidance and reporting higher half-year profits, driven by strong sales online and at stores as they reopened after the Covid-19 lockdown.

Vistry was under the cosh, along with the rest of the housebuilding sector, amid worries about a no-deal Brexit.

In an equity strategy note on Friday, Morgan Stanley said housebuilding was among the sectors most at risk in the event of a no-deal Brexit.

On the upside, Calisen surged after saying it had agreed to be bought by a consortium of investors led by BlackRock Alternatives Management in a deal that values the smart meter company at £1.4bn.

Under the terms of the transactions, Calisen shareholders will receive 261p a share in cash for each of their shares. This represents a premium of around 26.3% to the closing price on Thursday and is 8.8% higher than the IPO price of 240p in February.

FTSE 250 – Risers

Calisen (CLSN) 257.70p 24.73%
Network International Holdings (NETW) 294.80p 3.22%
Aggreko (AGK) 614.00p 2.93%
Games Workshop Group (GAW) 10,210.00p 2.77%
Trainline (TRN) 451.80p 2.68%
Brewin Dolphin Holdings (BRW) 290.00p 2.47%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 388.00p 2.37%
Royal Mail (RMG) 332.80p 2.21%
Chemring Group (CHG) 259.00p 2.17%
Balfour Beatty (BBY) 266.60p 2.15%

FTSE 250 – Fallers

Frasers Group (FRAS) 449.00p -9.44%
Rank Group (RNK) 135.40p -6.36%
BMO Commercial Property Trust Limited (BCPT) 75.20p -5.41%
TUI AG Reg Shs (DI) (TUI) 403.90p -4.96%
Vistry Group (VTY) 811.00p -4.42%
Marks & Spencer Group (MKS) 130.80p -4.35%
Henderson Smaller Companies Inv Trust (HSL) 947.00p -3.66%
Dixons Carphone (DC.) 103.10p -3.64%
Aston Martin Lagonda Global Holdings (AML) 75.10p -3.47%
JTC (JTC) 562.00p -3.44%




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