News blog
Xpertise Group
- BY: Andrew Hore |
- POSTED: 26/08/2008 |
Shareholders voted against Xpertise Group’s acquisition of Parity Training.
The acquisition and related share placing will not go ahead. This leaves the way clear for QA-IQ to proceed with its bid for its rival IT training company.
The board of Xpertise says it is still considering the offer.
QA-IQ’s agreement with Singer & Friedlander, which has irrevocable pledged its stake in Xpertise to the bid, means that the bid has to be a minimum of 150p a share or 165p a share if the bid is recommended by the Xpertise board.
Xpertise shares rose another 2.5p to 145p.
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