Ocado jumps amid takeover speculation
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Ocado (OTCPK:OCDGF) ADRsÂ soared 28%Â amid speculation about a potential takeover offer for the UK-based online grocery company.
There has been speculation that technology firms including Amazon (AMZN) were considering an 800 pence per share offer for Ocado (OTCPK:OCDGF), the UK's Times reported on Wednesday.
Amazon (AMZN) declined to comment on the speculation to Reuters.
U.S. supermarket chain Kroger (KR) announced a partnershipÂ agreement with online supermarket operator Ocado in the U.S. in 2018.

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