Betterware approach

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The Independent Online
Betterware, the catalogue household products group, has received an approach from two of its senior executives that could lead to a takeover bid at a "small premium" to its current market value of about pounds 100m.

The approach has come from managing director Peter Hartley and finance director Paul Turner, who have a formed a company backed by NatWest Equity Partners.Shares in the Birmingham-based company jumped 4.5p to 102p after the news emerged, adding to the 10 per cent rise on Thursday.