Shares in the parent company of Hotter Shoes have almost doubled after it revealed talks with a knitwear and jersey brand over a near £7m takeover deal.
WoolOvers Group is behind the proposed £6.8m deal for Skelmersdale-headquartered Unbound Group.
It is offering 10.5p per share which would represent a premium of approximately 162.5% to its closing price on March 27.
