(Bloomberg) -- Hammerson Plc shares surged the most in almost 15 years on reports New York-based buyout firm Kohlberg Kravis Roberts & Co. and Vornado Realty Trust are both considering bids for the U.K. owner of malls and offices.
The shares rose as much as 12 percent, the biggest gain since October 1992, and were up 7.6 percent to 1,688 pence at 8:35 a.m. in London, valuing the company at 4.9 billion pounds ($9.8 billion). The Business cited unidentified sources as saying KKR and Vornado, the second-largest U.S. real estate investment trust, were both mulling bids for Hammerson.
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