7th Jul 2014 14:11
LONDON (Alliance News) - Shares in Belgravium Technologies PLC jumped 40% Monday, after the mobile devices and software company said it had been approached by GPRS hardware and software maker Trakm8 Holdings PLC, but said it is not certain whether a takeover offer will be made.
In a short statement Monday, Belgravium Technologies said that Trakm8 Holdings has until August 4 to decide whether it will make an offer or not.
Belgravium Technologies shares were up 40% at 6.97 pence Monday afternoon, while Trakm8 shares were trading 13.7% higher at 79.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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Related Shares:
Trakm8 HldgsBVM.L