itX (ASX:ITX) shares surge on takeover talks

itX (ASX:ITX) shares surge on takeover talks

Shares in IT services provider itX Group (ASX:ITX) have soared over 12% after it confirmed it is in preliminary discussions over a possible takeover of the company.

The company said it had received an indicative, non-binding indication of interest, but said it had not yet formed a view over the proposal.

There is no certainty that the discussions will lead to a takeover offer, itX added.

ITX shares have today risen 12.45% to $1.400.

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Tags itX GroupASX:ITXit servicesMergers and acquisitions

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