News blog
Supporta
- BY: Andrew Hore |
- POSTED: 15/06/2008 |
Supporta has turned down a bid approach from Romac Investments.
Home care and professional services provider Supporta says it received a letter from Romac on 23 April. The two parties held talks based on Romac’s indicative offer and Supporta subsequently received a higher proposal from a third party. This was conditional on the acceptance by Romac’s subsidiary Gingko, which owns 28.2% of Supporta. Romac wouldn’t agree to that and Supporta also told it that its bid was not high enough.
Romac is keeping its options open.
The news added 5p to the shares taking them to 29p, valuing Supporta at £25.1m. The shares are still less than half their 12 month high.
Supporta will release its results on 23 June. It has already warned its operating profit for the year to March 2008 will be at least £2.95m, against £3.53m the previous year.
© 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 This material may not be published, broadcast, rewritten or redistributed.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
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|