Sigma Capital saw its value soar by 34% today following a £188m takeover agreement with private equity house PineBridge Benson Elliot.
It ended the day at 201p, just under the offer price of 202.1p. Sigma has enjoyed a steady climb over the past year, and the offer price is a 45% premium to its average share price over the past six months. At the start of this year, Sigma reported a NAV of 67.9p per share at the end of September.
Elsewhere, Stenprop dipped by 1.2% to 159p, despite reporting a surge in profits and valuation in its full-year results.
In a mixed day, there were a number of notable drops in real estate stocks, including Capital & Regional, which fell by 4.7%, and Workspace, which dropped by 3.5%.
The FTSE 100 rose by 0.7% to 7,134 points and the FTSE 250 inched up 0.6% to 22,734 points.
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