Arrow Global flies after being targeted by private equity group

Arrow Global Group PLC (LON:ARW) shares have shot up 28% to 295p in early trading after the debt purchasing group was targeted by an all-cash bid from private equity firm TDR Capital.

TDR, which is also part of the consortium that has just taken over Asda, said after three approaches had been rejected it has made a fourth approach to Arrow regarding a possible offer priced at 305p per share.

https://www.proactiveinvestors.co.uk/companies/news/940631/arrow-global-flies-after-being-targeted-by-private-equity-group-940631.html