Intu’s share prices have shot up by 35% after it rumours that its deputy chairman could be launching a takeover bid.
The shopping centres shares grew from 149.1p to 201.5p, before stabilising at about 190p.
The growth came as John Whittaker, who already owns a 27% stake in the company through his investment company Peel Group, is planning to bid for the rest of the company with US asset manager Brookfield and Saudi Arabia’s Olayan.
Olyan currently hold a 2.6% stake in Intu, whereas Brookfield holds no stake in the company.
The incline in share price could see the takeover price from £2 billion to around £2.5 billion.
