Metro Bank shares soar after potential takeover approach
Shares in Metro Bank have surged after it received an approach about a possible takeover by the US private-equity group Carlyle.
The market value of the challenger bank, which did not say how much Carlyle might pay if a firm offer was made, soared to more than £242m in early trading on news of the deal as its share price rose by more than 40% on Thursday.
“Metro Bank has engaged with Carlyle in relation to its possible offer and a further announcement will be made as and when appropriate,” the company said. “In the meantime, shareholders are advised to take no action.”
Carlyle has until 2 December to make a formal offer or walk away, under UK takeover rules. The possible offer comes as the bank continues to work to revive its fortunes after an
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