LONDON, June 22 (Reuters) - Ocado Group (OCDO.L) shares surged by over 40% 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 U.S. suitor including tech heavyweight Amazon (AMZN.O), pondering the merits of an offer worth 800 pence per share.
Ocado declined to comment on either the stock's rise or the Times report.
An Ocado grocery delivery van is driven along a street in London, Britain, March 25, 2023.
Shares in Ocado rose as much as 46.7% and were briefly on track for their biggest one-day jump on record.
Persons:
AJ Bell, Danni Hewson, Toby Melville, Ocado's, Ocado, Spencer, Danilo Masoni, James Davey, Muvija, Mike Holden, Susan Fenton
Organizations:
Ocado, The Times, Times, Amazon, REUTERS, Jefferies, Marks, Thomson
Locations:
U.S, London, Britain