BUZZ-UK's International Personal Finance hits over six-year high on revised takeover bid

Reuters09-24
BUZZ-UK's International Personal Finance hits over six-year high on revised takeover bid

** Shares of British financial service company International Personal Finance IPF.L up 8.04% at 215p, highest since January 2019

** Stock is the second biggest gainer on FTSE smallcap index .FTSC

** Receives an enhanced 235 pence per share potential takeover offer from US-based BasePoint Capital, up from a prior 223.8p bid

** New bid values IPF at 514.9 mln pounds ($693.21 mln)

** IPF board recommends deal to its shareholders unanimously

** Including session gains, IPF up ~63% YTD

($1 = 0.7428 pounds)

(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))

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