Edinburgh-based Forth Ports last week rejected the £612m takeover offer from the Northstream consortium, comprising Peel, infrastructure fund manager Arcus and transportation infrastructure investor RREEF.
Investors yesterday piled £131m on to the stock market worth of Forth Ports, the Scottish ports-to-property takeover target, suggesting the City believes rival Peel Group and its consortium partners will almost certainly up the ante.
Edinburgh-based Forth Ports last week rejected the £612m takeover offer from the Northstream consortium, comprising Peel, infrastructure fund manager Arcus and transportation infrastructure investor RREEF.