Aim adviser Alexander David Securities Group has ended its merger talks with Hoodless Brennan.
No reasons were given for the ending of the bid talks but it would have been difficult for Alexander David to finance the proposed cash bid. The Astaire deal which fell through earlier this year valued HB at £3.61m.
HB says that it is not in talks with any other potential bidder.
Shares in Alexander David have returned from suspension down 0.05p at 0.4p each. That values the broker at £2m.
Download the October edition of AIM Journal at http://www.hubinvest.com/AIMPDFOctober2010_13.pdf
© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.