Shares digital

Troubled healthcare group Nestor Healthcare (NSR) has confirmed it has received preliminary bid approaches which may or may not lead to an offer being made for the company.

Back in November, shares in Nestor lost more than half their value after the company revealed it would miss market expectations for profits in 2007 and 2008, and would therefore breach one of its banking covenants. The shares have since started to recover to their current 52.5p and Nestor has revised its banking covenants.

Shares says: Await developments. RR