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Yell Surges Most Since February on Takeover Talk

Sept. 2 (Bloomberg) -- Yell Group Plc, the publisher of the U.K.’s yellow pages directories, surged the most in almost seven months in London trading amid speculation about a takeover bid for the company.

Yell jumped 13 percent to 17.79 pence, the biggest gain since Feb. 4.

“M&A activity continues to fill the air,” David Buik, a London-based market strategist at BGC Partners, wrote in an e-mail. “Interested parties are suggesting that Yell might be for sale at around 30 pence” a share, he said.

Yell spokesman Jon Salmon said via phone today that the company doesn’t comment on market speculation.

To contact the reporters on this story: Sarah Jones in London at sjones35@bloomberg.net; Andrew Rummer in London at arummer@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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