Shares in independent ATM operator Scott Tod have jumped on news that it has received a tentative bid approach that may lead to an offer for the company.
Scott Tod stock was up 24% to 16.75 pence after the vendor issued a brief statement saying it has received "a tentative approach which may or may not lead to an offer", although details of the potential buyer were not disclosed.
The news comes just weeks after founder and former chief executive Nicholas Tod failed to remove chairman David Massie from the board and appoint himself, Roger Tod and Neil Phillips as directors of the company.
Tod, who owns 27% of the company with his wife, was ousted from the firm in August following a disagreement with the board over future strategy.