Next Fifteen Communications has ended bid discussions with Chime Communications and Huntsworth.
The shares dipped 8.5p to 46p each following the news, which values the technology PR firm at £24.88m.
Next Fifteen’s board believes that it is best to remain independent. Chairman Will Whitehorn has bought 34,000 shares at 46p each. This takes his stake to 1.85%.
Herald Investment Trust and Liontrust each acquired 250,000 shares at 55p each on 19 May. Herald owns 8.7% of Next Fifteen and Liontrust increased its stake to 13.2%.. These shares appear to have been acquired from Pensions Services Ltd.
PR company Chime has confirmed that it has no current intention of making a bid for Next Fifteen.
Marketing services provider Huntsworth has not made any announcement.
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