Blog: Torotrak deal close?
Dave Leggett | 21 January 2004
UK-based Infinitely Variable Transmission (IVT) technology company Torotrak's share price has accelerated sharply in recent weeks - now around 120 pence an ordinary share on the LSE (it bottomed at around 15 pence last spring, but was 600 pence-ish at IPO time and pre-high tech shares crash in 2000). Apparently, an institutional investor has moved in and is buying TRK stock in some volume which is driving the price up. Maybe, finally, they really are close to a deal. There's some speculation to that effect in the UK business press also. If it happens who could it be? Keep 'em peeled.
Link to a Torotrak feature I wrote in Oct 2002 is below.
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