Itm Power Takeover Rumours (ITM)

The cyber security company backed by extradited entrepreneur Mike Lynch is to be snapped up by a US private equity firm in a further blow for the London Stock Exchange. Darktrace, one of the UK’s biggest listed tech companies, has agreed a £4.2bn takeover by Chicago-based Thoma Bravo.

Rising volume and a rising price. 8m shares already which beats Friday's volume. Nothing to stop this from getting to £1 now. Newsflow from ITM will see it go well beyond that. I expect the oil majors (BP more than the others) to try to take a stake in ITM. There's already a connection with Shell. The opportunity might not be there right now, but if they ever need to finance expansion, there are investors ready to dive in. Opportunistic takeover bids? ITM will likely never be at this price again. If anyone were to try, it'd put a rocket under this sp. But any news of a deal to supply electrolysers to a large H2 site right now will propel the sp hugely.