Countryside shares jump after bidder discloses it’s made two approaches

Countryside Partnerships shares rose 25% to 298 pence, the best performing FTSE All Share component, after San Francisco-based Inclusive Capital Partners disclosed its made its second approach to buy the company. In-Cap said it’s weighing a possible offer of 295 pence per share. In-Cap, which already owns 9.2% of Countryside, said the U.K. property developer has not engaged or provided access to due-diligence materials. In-Cap said its possible offer would be provide a “highly attractive premium” against continued and recent market volatility and macroeconomic uncertainty.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.