Advanced Medical Solutions Group (AIM:AMS) shares rose almost 12% to 255p after it confirmed talks are being held with US private equity firm TA Associates about a possible offer.
The tissue healing medical device company said the announcement follows recent press speculation, but cautioned there can be no certainty that a firm offer will be made or on what terms.
No financial terms of any potential bid have been disclosed.
Under UK takeover rules, TA Associates has a ‘put up or shut up’ deadline of 5pm on 16 May 2026.
The company said a further announcement will be made as and when appropriate, while shareholders have been advised to take no action at this stage.
TA Associates also has experience in healthcare, with investments spanning providers such as IMA Medical Group and software platforms like RLDatix.
TA has invested in the UK in recent years, taking a stake in Gamma Communications in 2023 and being a long-term backer of software group The Access Group.
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