Shares in Regent Inns closed up almost 5% at 85p on Monday, fuelled by speculation that the company could find itself a bid target. Greg Feehely, analyst at Altium Securities, said: "The rationale for Regent’s bid for Urbium was clear to all, but the failure to acquire Urbium will in our view increase the likelihood that the company is now more ‘prey than predator’. "We believe Regent could be ‘taken out’ for in the region of 100p per share, comfortably north of its closing price of 81p last Friday."