Travelzest has ended talks with a potential bidder.
It appears that the bidder for the online tour operator could not get the requisite financial backing because of the tough economic conditions - or it is using that as an excuse.
Travelzest shares slumped 39p to 55.5p each on the news, which values Travelzest at £11.3m.
Trading is still in line with expectations.
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