Aim adviser Arden Partners has ended bid discussions with former non-executive director Grahame Whateley.
The discussions did not lead to an agreement on the structure of an offer. A cash bid of 37p a share was originally suggested, with the possibility of a share alternative.
At 40p a share, Arden is valued at £10.8m. The announcement was made at the close of trading so there was no time for the share price to react.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Advanced Power Components (APC) is buying out the minority shareholders in energy saving technologies supplier Minimise.
Warehouse data systems services provider Belgravium Technologies says that the current financial year has started slowly.
Online conveyancing services provider In-Deed Online says that trading remains challenging.
Hong Kong-based childrens’ educational services provider LZYE Group is raising up to £3m via a two-year convertible loan note issue.