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Pilat Media Global

  • BY: Andrew Hore |
  • POSTED: 19/05/2009 |

SintecMedia’s bid for Pilat Media Global has lapsed even though acceptances reached 56.42%. 

SintecMedia bid 26.5p a share for the developer of business management software for broadcasters but did not receive the 75% acceptances necessary to make the bid unconditional.

Shares in Pilat slumped 8.5p to 17p a share, which values Pilat at £10.1m.

Management says that Pilat can continue to prosper as an independent business. Pilat recently won a US contract with an initial value of $1.6m. 

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