Rocketing share price attracts 'non-binding proposal' for PFI specialist

John Laing, the PFI specialist, today confirmed that it had received a takeover approach after its share price rocketed.

In statement to the stock exchange the company said that it noted the “recent rise in share price” and added: “The board confirms that it has received a non-binding proposal with regard to a possible offer.”

Shares rose 21% to 334p on the back of the statement.

Laing said the board, led by chief executive Adrian Ewer, will inform shareholders of any further developments if and when they occur.