LONDON (Reuters) - British fund firm F&C Asset Management (>> F&C Asset Management plc) said on Monday it had received an offer from Canadian bank BMO Financial Group (>> Bank of Montreal) in what would be an all-cash deal.

F&C said BMO has offered to pay 120 pence in cash per share, and that it has indicated it is likely to recommend a firm offer at the price.

Shares in F&C rose 24 percent on the news and were trading at 115 pence by 1230 GMT.

(Reporting by Tommy Wilkes; Editing by Chris Vellacott)

Stocks treated in this article : Bank of Montreal, F&C Asset Management plc