GlobeOp Financial Services rises on takeover talks

GlobeOp Financial Services, saw its share price soar after confirming recent speculation it is holding discussions with Advent International Corporation and TPG Capital regarding possible offers.

The share price rose to 263p as the firm issued the usual caveat that talks are at a preliminary stage and there is no certainty an offer will be made.

GlobeOp's chairman Ed Nicoll, said: "GlobeOp is performing extremely well and we are confident of continuing the strong growth of the business under our current ownership structure. Nevertheless, the board felt it right to explore options which could enhance the interests of clients, employees and shareholders."

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The firm also believes that the company's share price significantly undervalues its future prospects.

NR