NCipher rises on bid speculation

NCipher rises on bid speculation

Shares in nCipher, a UK-based provider of cryptographic security technology, have jumped on news that it has received a bid approach that may lead to an offer for the company.

The stock rose 31 pence to 251.50 pence after nCipher released a statement saying it has received an approach which may or may not lead to an offer being made for the entire issued and to be issued share capital of the company.

The vendor says the approach is of a preliminary nature and there is no certainty that an offer will be made.

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