- **Permira**, a British private equity firm, made a preliminary non-binding takeover proposal for **JTC Plc** valuing the London-listed corporate services provider at about **£2 billion ($2.7 billion)**.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- The **JTC board unanimously rejected** this latest offer and an earlier approach, advising shareholders to take no action.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- Following the announcement, **JTC shares surged over 15%** to a record high, increasing its market capitalization to about **£1.9 billion**.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- **Permira** has until **September 26, 2025**, to either make a formal bid or withdraw.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- **JTC's stock is rated as a 'Buy'** with a price target of **£1033.00** and an **'Outperform' rating by TipRanks**, despite concerns over a negative P/E ratio and recent net loss.  **[96223_e7d83fd4cd864c05a247268d7eca0801]**

Jefferies Financial Group (JEF)