Financial Times FT.com

Swedish Match soars on bid talk

By Courtney Weaver

Published: October 15 2009 10:42 | Last updated: October 16 2009 20:41

Swedish Matchrose sharply on Friday afternoon on speculation Philip Morris of the US was planning a bid.

The shares initially rose as much as 9 per cent but the stock fell back to close 3.8 per cent higher at SKr151.50.

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