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For sale: Coolabi?

After a jump in its share price yesterday, UK entertainment and rights management company Coolabi has confirmed that it has been approached by a third-party suitor for a possible takeover.
August 9, 2011

After a jump in its share price yesterday, UK entertainment and rights management company Coolabi has confirmed that it has been approached by a third-party suitor for a possible takeover.

The company issued a statement saying that the possible offer may or may not lead to a concrete offer, as discussions are at a very early stage.

The firm, which produces preschool series Poppy Cat, saw its share price rise 18% to 8.88 pence on the London Stock Exchange after confirming the takeover approach.

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