Capita In Raid For Xchanging Shares

The outsourcing group Capita has‎ swooped to buy a big stake in rival Xchanging as it closes in on a takeover deal worth more than £400m. Sky News has learnt that Citi, Capita's broker, acquired roughly 24m shares in Xchanging on Wednesday on behalf of its client - equivalent to a shareholding of nearly 10%. The share purchase, which is designed to deter other bidders from making a move on the former University Boat Race sponsor, is likely to be disclosed publicly under stock market ru