Centrom Group has agreed a 0.023p a share bid from Maymask.
The bid values Centrom at 50,000. At the current market price of 0.075p a share, Centrom is valued at ã160,000. The bid/offer spread is 0.05p/0.1p.
Centrom is a managed solutions provider of information and risk management services for the health sector. It tried to grow through acquisition but failed to find suitable candidates. Trading conditions have weakened since September 2008 and Centrom has not been able to raise additional funds.
Maymask is seeking to build a group of IT companies in the healthcare sector.
Centrom says that if this bid does not go through it is unlikely it will be able to find an alternative bidder. It would then be difficult for the business to continue to trade.
The first closing date for acceptances is 6 April 2009.
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