News blog

Elektron Technology

  • BY: Andrew Hore |
  • POSTED: 17/06/2014 |

Elektron Technology has rejected proposals from fully listed Microgen. 

The initial proposal was that Microgen could inject between £12m and £18m into the company in return for a share stake. That proposal was rejected and instead Microgen considered a bid for Elektron. Microgen offered 5p a share for Elektron, which valued the company at £6m. Elektronís net debt was £7.6m at the end of April 2014.

The Elektron board has rejected the bid as well and Microgen will not push forward without a recommendation.

The Elektron share price is unchanged at 4.25p

Download the latest AIM Journal from

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds