** Shares in De La Rue DLAR.L up 11.7% at 114.5p

** Sky news reports British bank note printer received conditional cash offer from Edi Truell for 125p per share

** Truell's offer is said to be dependent upon the completion of a 300-million-pound deal to sell De la Rue's authentication division to Crane NXT - Sky news

** The 125p apiece offer at 22% premium to DLAR's last close

** Truell is the founder of Disruptive Capital GP Limited and Pension SuperFund Capital entitieS

** Stock up ~11% so far this year

($1 = 0.8133 pounds)

(Reporting by Prerna Bedi in Bengaluru)

((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))