ME Group evaluating options, including suitor bids

U.K.-based vending machine operator ME Group International PLC said it is evaluating various strategic options, including seeking potential suitors for the company, according to Alliance News. As yet, however, there are not any offers for the company.

Shares in ME Group, formerly Photo-Me International PLC, rose 6.4% to 224.50 pence each in London on Wednesday for a market value of GBP846.6 million. They had earlier traded as high as 230p, according to the report.

Responding to the share price movement and media speculation, ME Group said it is “evaluating various strategic options to enhance shareholder value. One of the options being considered involves seeking potential offerors for the company. There can be no certainty that any firm offer will be made, nor as to the terms on which any offer might be made.”