Simon Thompson 

A smart way to play the BCA takeover

Simon Thompson

Simon Thompson
A smart way to play the BCA takeover

The bid approach for Europe's largest car auction operator, BCA Marketplace (BCA:236p), by investment funds managed by TDR Capital LLP, valuing the UK-listed company’s equity at £1.9bn, has sent shares in the company surging. Bid talks are at an advanced stage and the board of BCA has stated that it will recommend a cash offer of 243p if it materialises.

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