Insurance group alerts stock exchange following share price hike.
Highway has announced that it is in discussions with a potential suitor regarding a possible takeover.
In a statement to the London Stock Exchange, the FTSE-listed company said: "The Board of Highway notes the recent rise in the Highway share price and announces that it is in advanced discussions with a third party that may or may not lead to an offer for the Company.
"There can be no certainty that an offer will be made or as to the terms on which any offer might be made."
Highway’s share price soared from just over 49p at opening of trading today to 63p at the time of writing.
Over the last six months the group's share price has been falling from a high of 80p.
