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UK — Healthcare Locums shares up over bid hopes

09 April 2010

Shares of Healthcare Locums Plc (HLO:LSE), the healthcare staffing company, which plunged in March by -23.74% on shock profit warnings ,were up yesterday because of takeover talks by Equinox Partners, a financial advisory firm that specialises in cross-border mergers and management buy-outs, The Daily Mail reports.

The profit warnings were based on Healthcare Locums' change to its revenue recognition policy and left the company vulnerable to a bid.


In early trading today, Healthcare Locum's shares were up by 23.12% to 245 Pence

 

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