// Ocado shares surge 40% following reports of a takeover bid
// The online grocer is understood to be of interest to Amazon
Ocado shares have jumped a near 40% following speculation it could be a takeover target by Amazon.
The online grocer is understood to have drawn interest from several American suitors with Goldman Sachs and JP Morgan acting for the bidders, The Times reported.
Amazon is said to be considering an 800p-a-share move.
Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning
Following this morning’s report, Ocado share price skyrocketed from 424p on Wednesday to 607p on Thursday morning.
The online grocer took a hit earlier this week after a JP Morgan research note cut its target price.
Earlier this month, Ocado managed to keep it’s position in the FTSE 100 despite fears its sharp decline in value over the past 12 months would knock it off the top of London’s leading share index.
Click here to sign up to Retail Gazette‘s free daily email newsletter
2 Comments. Leave new
the UK Government needs to make sure that the business remains in the UK after any takeover
Why?