30th Jun 2016 12:11
LONDON (Alliance News) - Shares in investment company Flying Brands Ltd were suspended on Thursday after the company said it has entered talks on the acquisition of medical technology firm Stone Checker Software Ltd.
Flying Brands said the acquisition would constitute a reverse takeover under AIM rules, hence the suspension of its shares.
No binding deal has yet been reached, and Flying Brands said it cannot guarantee one will.
Prior to the suspension, Flying Brands shares were down 3.7% to 3.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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