Friday May 16, 07:59 AM
UK smallcap opening - Mediasurface climbs on agreed Alterian bid
LONDON (Thomson Financial) - Bid news provided the early focus among small-caps, with software company Mediasurface (LSE: MSR.L - news)
climbing 27 percent -- or 3 pence to 14-1/4 -- in response to the agreed 18.1 million pounds cash and shares bid from Alterian (LSE: ALN.L - news) , 1-1/2 adrift at 158-1/2.
The offer is on the basis of 9 pence in cash and 0.0375 of a Consideration Share for each Mediasurface share.
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