private equity bid for hsp rumoured

HSP got a speeding ticket today after the 8% share price rise and press commentary that a there will be a private equity bid for the company. HSP has denied any knowledge of a bid but the market is unconvinced with the stock closing near its high of the day.

Money is always looking for somewhere to go and, in times like these, its logical that the health care sector will receive attention. PHG is in the right place at the right time.