Aquilo's board had been talking about acquisitions for some time and this week decided to take out one of its rivals, ABS Bodyshop Services. Under AIM rules, the £1.7m deal will be regarded as a reverse takeover which means it needs the approval of a majority of Aquilo shareholders. Maybe it was the thought of a vehicle repair services company buying another vehicle repair services company that led to the initial jump from 1.06p to 1.44p on the annoucement, slide back to close at 1.35p.

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