Watchstone rejects takeover bid

Claims outsourcing specialist Watchstone has rejected a takeover
bid from an unspecified private company, it announced this week.
The group, formerly known as Quindell, issued a statement that
confirmed it had received a "draft and highly conditional,
non-cash proposal" for its assets, excluding actual and
contingent liabilities.
The statement came after the group's share price jumped 8.32
percent over the last week, peaking yesterday (18 April) at 242.58
pence per share.
The price had settled a