News blog
Clarity Commerce Solutions
- BY: Andrew Hore |
- POSTED: 04/10/2011 |
Clarity Commerce Solutions has rejected the 23p a share bid from Enigmatic Investments, which is owned by Jon Moulton’s BECAP Fund.
The retail, catering and cinema software supplier’s board says that the bid undervalues Clarity’s prospects. The benefits of recent cost saving measures are yet to show through in the figures. They will cut costs by £1m a year.
Clarity has appointed US-based McLean Group to explore strategic opportunities for the business.
The offer document was posted to shareholders on 28 September. The first closing date of the bid is 19 October. The shares are trading at 22.25p.
Download the September 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFSeptember2011_24.pdf
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