3i investments has offered 拢486m for the defence maintenance specialist

Maintenance specialist Enterprise has confirmed that it is in talks with 3i Investments over a potential takeover offer by 3i.

In a statement released today, Enterprise said it was in talks over an offer valued at 605 pence per share, or 拢486m. The company said there was no guarantee that 3i would submit a formal offer.

The statement said: 鈥淭he making of an offer is conditional on, inter alia, agreement being reached on certain terms, satisfactory due diligence, securing financing for the acquisition and a formal recommendation by the Independent Committee [of non-executive directors of Enterprise].

Shares rose 9% on the news, and stood at 581p this afternoon, an increase of 50p.

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