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Dawson International

  • BY: Andrew Hore |
  • POSTED: 04/06/2008 |

Dawson International has called off bid talks.

It had been in bid discussions with its cashmere supplier Lingwu Zhongyin Cashmere Company for 10 months but there has been little information about how they were progressing.

This announcement comes after Leeds Group acquired 28.76% of Dawson. Aim-quoted Leeds paid £971,000 for the stake – equivalent to 1.5p a share. This initially perked up the shares but they are now trading at 1.875p – with a bid/offer spread of 1.5p-2.25p.

Dawson says that it is continuing to talk with Lingwu Zhongyin and other parties – presumably including Leeds – “exploring alternative ways of enhancing shareholder value”.

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