Business travel group Hogg Robinson is understood to be in "advanced
discussions" over a management buyout of the business. The company
was prompted to make the announcement after its shares rose by almost
40%.
Hogg Robinson put no value on the approach it received from the MBO
team, but its shares rose 72p to 255p on Tuesday, valuing the group at
£205 million, they closed at 245p yesterday.
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