Phsc Takeover Rumours (PHSC)

Marlowe plc turned themselves from a smallish company to a much larger one by buying many small companies in the service sector.They paid generous prices and the market liked the concept by awarding a high p/e ratio. They are currently being bid for themselves! PHSC were doing the same but got scarred by the switch from physical shopping to online when the security section made large losses. Hopefully it is now making consistent profits. They then repositioned to share buybacks and increased dividends to increase the share price to close to net assets. They could now do either a cash acquisition,issue shares with no asset dilution or agree to a takeover themselves. All to play for!