Plus surprised by GMB offer

 
Marion Dakers
PLUS Markets was caught by surprise yesterday when Gulf Merchant Bank returned with a revised offer for its stock exchange unit.

The embattled firm, which yesterday called a meeting to approve ICAP’s takeover, had no prior warning of GMB’s improved bid for an undisclosed sum.

GMB said in a statement that it has “remained in close contact with the FSA throughout this process”.