Wales-based Boomerang Plus says that it is in negotiations to buy Cardiff-based TV programme producer Indus Films.
Indus was formed in 2005 and its programmes include Amazon with Bruce Parry and Everest ER. www.indusfilms.com.
At 78.5p a share, the Aim-quoted TV programme producer is valued at £5.12m.
The results for the year to May 2009 have still not been published.
© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.