Ceres Power gains amid takeover speculation

May 05, 2022 10:42 AM ETCeres Power Holdings plc (CPWHF), CRPHYBy: Joshua Fineman, SA News Editor

Connected puzzle pieces with the acronym M&A. Merger and acquisition in business

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  • UK-listed fuel cell and renewable energy company Ceres Power (OTCPK:CPWHF) jumped 10% in UK trading on speculation that the firm may be a takeover target.
  • There's speculation that Bosch may be considering an offer for Ceres Power (OTCPK:CPWHF), according to a Betaville "uncooked" alert. Bosch is understood to be working with an adviser on a possible deal and may find a partner for a bid.
  • Recall in December 2020 Ceres and Bosch discussed a partnership between the two companies.

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