Photonis Holdings says that it no longer intends to bid for Andor Technology.
It had been considering a possible 90p a share bid for Andor even thought he target‘s management had ended discussions.
Shares in Andor slumped 15p to 56.5p a share, which values the camera technology developer at £15.5m.
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Mobile messaging technology provider Synchronica, which is the subject of a contested, all-share bid from rival Myriad AG, has signed a letter of intent with TSX Venture Exchange-quoted Intertainment Media.
AIM-quoted Timeweave has bought convertible loan notes in DCD Media that can convert into a 29.9% stake in the TV programmes producer.
Paper and speciality fibres manufacturer James Cropper is investing $3m in a new manufacturing facility in New York State.
Peter Gyllenhammar has taken his stake in TEG Group to 3.2% following the purchase of 500,000 shares.
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