UK's Tyman soars on US-based Quanex's takeover deal

Quanex Building Products

22/04/2024 08:26

** Shares of doors and windows supplier Tyman  TYMN.L  rise
25% at 371p; top pct gainer across London stocks
    ** Stock opened at a price of 385p, highest since Jan. 2022
    ** Co will be bought by U.S.-based Quanex Building Products
 NX.N  for 788 mln pounds ($975.2 mln)
    ** Stock posts biggest one-day pct gain since Nov. 2009
    ** Shares down ~6% YTD, as of last close

($1 = 0.8081 pounds)

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))