JTC stock sticks near offers as midcaps slip
JTC Plc traded at 1,315p on Monday, about 1.9% below Permira’s agreed 1,340p cash offer. The stock’s discount reflects remaining deal risks, with investors awaiting court sanction and final approvals. Societe Generale disclosed a 5.33% interest and a 4.87% short position in JTC, while Tudor Investment Corporation reported cash-settled derivatives totaling 2.36%. The FTSE 250 index fell 0.59% amid broader market pressure.