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).