Persimmon bid talk boosts Barratt shares

Nathan Cross 10/03/2010 11:15

Shares in Barratt Developments have jumped 5% in morning trading on talk that housebuilder Persimmon is considering a bid for the company.

Reports say that City traders believe Persimmon could make a bid at 170p a share.

Barratt’s shares are currently trading at 120p.

Neither company has commented on the speculation.

nathan.cross@estatesgazette.com

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