RAC shares soar after takeover offer

Motoring group the RAC today said it had received an approach that could lead to a takeover offer.

Tue, 08 Mar, 2005 - 14:21

Motoring group the RAC today said it had received an approach that could lead to a takeover offer.

Shares in the firm rose 14% after the announcement, giving it a market value of about £1bn (€1.45bn).

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