Shares in London-listed beverages name Fevertree Drinks traded 8% higher on Friday morning amid speculation that it could be acquired by consumer goods giant Unilever.
Talk of a possible bid from Unilever follows last week´s appointment of Unilever executive Kevin Havelock as a non-executive director at Fevertree.
Havelock heads up the beverages and ice cream business at Unilever and has been a member of the firm´s Executive Committee since 2011.
Fevertree, a maker of premium, non-alcoholic drinks such as tonic, ginger beer and lemonade, mainly sells to restaurants and bars.
As well as Unilever, there is speculation that other, more mainstream drinks groups, might also be interested in snapping the business up as they view Fevertree´s upmarket product suite as being a good compliment to their mass-market offerings.
Fevertree also represents a natural compliment to some of the core products offered by spirit makers.
Other possible suitors include UK-listed beverages group Diageo, which is known for its focus on the spriits and beer market.
On the rise
Strongly rising sales of gin have boosted Fevertree´s fortunes in recent years, with the group´s tonic water seen as the spirit´s natural complement.
Fevertree shares have climbed 1,200% over the past five years.