According to the FT several companies are looking over PHS. which ay lead to an auction. The manageent may even be looking at a buyout. The question is at what price?

A recent bid in Europe would give a valuation of 107p on PHS however latest results which were good may mean another 10% so 118p may be the price? Could be a quick earner with little downside?

Lots of trades today way higher than normal so could happen soon.

A mention in todays Times. Seems we will soon be down to 2 bidders in a final selection process