8th Jul 2014 08:35
LONDON (Alliance News) - Trakm8 Holdings PLC Tuesday confirmed that it has made a preliminary takeover approach to Belgravium Technologies PLC.
Belgravium's shares jumped sharply Monday after it said it had been approached by the manufacturer of GPRS-based hardware and software for the vehicle placement and security markets.
Both companies have said there's currently no certainty a deal will be done.
Trakm8 said it will make a further announcement when appropriate.
Trakm8 shares were down 0.2% at 77.84 pence Tuesday morning, while Belgravium Technologies was down 10.4% at 5.60 pence, having risen 25% on Monday.
By Steve McGrath; [email protected]; @stevemcgrath1
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