Revolution Bars Group PLC on Thursday said it held exploratory talks with Nightcap PLC, which could result in the latter making a takeover offer.
Revolution Bars shares rose 15% to 1.67 pence each on.
Nightcap PLC on Thursday confirmed talks with Revolution Bars Group PLC, which could result in the former making a takeover offer.
Revolution Bars shares rose 8.1% to 1.57 pence each on Thursday.
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Nightcap PLC on Tuesday said it will buy some assets of bar and entertainment venue, The Piano Works from its operator, TDC Concepts Ltd.
Shares in Nightcap dropped 16% to 4.13 pence each in London.
Nightcap PLC shares surged on Wednesday following its positive trading update for the Christmas period, as well as for its latest half year and quarter.
The stock was up 18% at 6.09 pence per share.