UK card operator and payments processor Retail Decisions (ReD) has confirmed that it has received an early stage bid approach which may lead to an offer for the company.
In a brief statement to the stock exchange, ReD says it has noted recent market rumours and confirms that it has received an informal approach from an unidentified party "which may or may not lead to an offer being made to purchase the entire share capital of the company".
"The preliminary approach contains a number of conditions and the company is thus unclear whether any formal offer will be made," says the statement.
ReD shares stood at 144.50 pence by mid-morning, after rallying to 151.50 pence in early trading.