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