Compass said to be an acquisition target

LONDON Contracting giant Sodexho Alliance refuted rumors this morning that it intends to acquire arch-rival Compass Group PLC, but investors bid up Compass’ share price by nearly 2 percent on speculation that a takeover attempt may be in the works, according to observers here.

ACompass spokesman declined to comment, citing the company’s policy not to address speculation about acquisitions.

News reports circulated here this morning that an unidentified