SHARES in utilities support group Spice opened at 51p today following the company's dismissal of private equity firm Cinven's "opportunistic" £197m approach for the company.

It is believed by analysts that any offer would have to be nearer the £230m mark for Spice to take it seriously.

Leeds-based Spice's share price has risen 85% since nose-diving to 27.5p in March and climbed 2.5% yesterday.

Cinven revealed yesterday that - following discussions with the Takeover Panel - it made an indicative app......for the full story register now for free or login below...