BUZZ-Carillion: soars on report of potential takeover bid
** Struggling builder Carillion +18.8 pct
** At least one Middle Eastern construction firm is eyeing Carillion (Frankfurt: 924047 - news) 's update this Friday ahead of a potential takeover bid - Newspaper City A.M. reports
** Final touches are being put to an offer from a new suitor to buy up Carillion’s shares and give the operator access to the firm’s London listing - City A.M.
** Carillion has lost 75 percent of its market value since mid-July when it booked an 845 million pound ($1.1 billion) writedown on problematic construction contracts announced the departure of its chief executive
** Shares (Berlin: DI6.BE - news) have fallen 77 pct since the start of this year
** Stock is among the most traded stocks in London; >1 day's avg volume had gone through by 0746 GMT