RAC shares soar after takeover offer
08/03/2005 - 14:21:41Motoring group the RAC today said it had received an approach that could lead to a takeover offer.
Shares in the firm rose 14% after the announcement, giving it a market value of about £1bn (€1.45bn).
The move comes less than a year after rival the AA was snapped up by a private equity consortium for £1.75bn (€2.5bn).
