I’m confused by recent price increases in shares of Equiniti and Spire Healthcare. Both firms have accepted takeover bids. Equiniti at 180p and Spire Healthcare at 240 yet both are now selling for more than this. Can anyone explain why this is happening please.
Not sure in these specific cases, but usually it reflects the possibility of a higher offer being made, or a future dividend payment. Sometimes if there is a large bid/offer spread the reported price may appear higher that shareholders could actually achieve.