Equiniti in play as private equity group mulls offer

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Equiniti Group PLC (LON:EQN) shot up 19% to 163.4p after it was confirmed that privately-owned Siris Capital Group is interested in buying the company.

Siris has submitted a non-binding proposal to acquire the shares at 170p a pop.

Further announcements will be made in due course, but [blah blah blah] there can be no certainty that a formal offer will be made, Siris said.

Yourgene Health PLC (LON:YGEN) was 8.3% higher at 16.25p after its Coronavirus (COVD-19) testing services got the seal of approval from Public Health England.

The molecular diagnostics group has been awarded a framework agreement under Public Health England’s National Microbiology Framework for Lot 1 (Diagnostic Goods and Services) of the four-lot tender for Yourgene’s Clarigene SARS-CoV-2 assay and Manchester-based COVID testing service.

“We expect the award to support business development outside the scope of this agreement with a growing network of commercial partners, addressing privately funded testing in healthcare and workplace settings,” said Lyn Rees, the chief executive officer of Yourgene.

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