Shares of UK online supermarket Ocado soar on talk of Amazon bid interest
E-commerce Ocado Group shares surged by over 40 per cent on Thursday after The Times newspaper reported speculation of possible bid interest in the online supermarket and technology group, recently squeezed by a cost of living crisis in the UK. The Times noted there was talk of bid interest from more than one US suitor including tech heavyweight Amazon, pondering the merits of an offer worth $10.21 per share – an 86 per cent premium to Ocado’s closing price on…