LucasVarity soars on bid news
Wednesday 27 January 1999
The stock closed the session more than 17 per cent higher at 286p as the market awaited Federal Mogul's decision on whether to raise its cash and paper offer. Analysts said that TRW, one of the world's largest producers of steering systems, could be close to offering around 290p a share for the company. LucasVarity said it would make an announcement later this week but declined to comment further.
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