ReutersReuters

UK's Inspecs closes higher as buyout proposals roll in

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** Shares of eyewear provider Inspecs Group SPEC jump 18.5% to close at 48 pence

** Co gets two separate buyout proposals from H2 Equity Partners and a consortium comprising Risk Capital Partners and Ian Livingstone

** Italian eyewear maker Safilo Group SFL also proposes to acquire Inspecs' Eschenbach Group and BoDe businesses

** Both H2 and consortium have until November 20 to announce a firm intention to make offer or walk away

** Stock up 5.5% YTD

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