Thursday, 5 February 2015

A can of worms

Rexam shares are up almost 7pc this morning.

I suspect the stock is reacting to comments in Gary Parkinson's stock market report in The Times today.

Parky, a top hack, wrote that a couple of American companies - Crown and, separately, Ball - are looking the London-listed can manufacturer. Here is a link to Parky's report:

To be honest, I don't have much colour to add apart from being told the suitor is supposed to be the latter rather than former. And to be clear, this information is RARE of the rarest kind.

For readers that don't what recall what RARE is, here is a definition:

Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.

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