Peppa Pig owner Entertainment One’s share price soared on Monday morning after more takeover interest in the company emerged over the weekend.
Broadcaster ITV had a £1bn bid for EOne rejected last week, with the target company saying the offer “fundamentally undervalues” it.
It emerged over the weekend that private equity house KKR is also considering making an approach, and held talks with EOne’s main shareholder CPPIB prior to the ITV bid.
KKR, whose UK investments include Pets At Home and the Trainline, has not responded to request for comment. EOne and CPPIB, a Canadian pension fund, also declined to comment when contacted by City A.M. over the weekend.
EOne’s share price shot up by more than 20 per cent last week after ITV’s offer emerged – from below 200p to more than 240p.
And shares in the London-listed, Canada-based company soared further today – up seven per cent to 255p at the time of writing.
[stockChart code="ETO" date="2016-08-15 09:06"]