spiderbill wrote:Interesting that Marstons have just risen 8.9% as well! Seems a tad optimistic - are people buying hoping they'll be bought out too?
Or maybe hoping they'll have less competition if the new owners concentrate on the real estate rather than the brewing.
This invariably happens whenever there is a bid. Lots of investors will be looking to reinvest the proceeds in companies in the same sector, so these companies' share prices get marked up.
As soon as I heard about the Greene King bid I texted a friend who holds Greene King. Ten minutes later I got a reply; they had just bought some Marstons (still holding Greene King for a bit).