IWP shares’ sale fuels speculation of buyout bid

IWP SHARES were bought heavily in the Dublin market yesterday, fuelling speculation of an imminent offer for the personal care products group.

Up to 750,000 shares were bought at 34c a share, which left the price unchanged on the day.

The huge volume, nearly five times the average trade in the shares on a daly basis, was a clear signal the markets were expecting a bid early next week.