LONDON (ShareCast) - (Sharecast News) - De La Rue surged on Thursday after saying it was considering a takeover offer from Disruptive Capital and Pension SuperFund Capital entities at 125p a share.
The banknote printer said last month that while it had not received an offer for the whole company, it was in talks with Disruptive Capital and Pension SuperFund Capital entities about a possible equity stake of up to 40% in the business.

But announcing the offer for the whole company on Thursday, it said: "The board is considering its options."

A partial offer is no longer under consideration.

Due to ongoing discussions, De La Rue has asked the UK takeover panel for an extension of the 'put up or shut up' deadline, meaning that Disruptive and Pension SuperFund Capital entities now have until 6 February to either announce a firm intention to make an offer or walk away.

The offer is dependent on the completion of a £300m deal to sell De la Rue's authentication division to Crane NXT, which was announced in October.

"Discussions with other parties in relation to the disposal of the company's currency division continue to progress," De La Rue said. "At this stage there can be no certainty that any such proposals may be made."

At 1250 GMT, the shares were up 11% at 113.42p.

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