23rd Oct 2015 06:40
LONDON (Alliance News) - Irish mobile payments and marketing company Zamano PLC on Friday said the talks it had entered over a possible acquisition of the company have been terminated.
Zamano disclosed the talks in August, sending its shares surging higher. It said it had received a "preliminary and highly conditional approach regarding a possible takeover offer" for EUR0.20 per share. Zamano shares were last quoted in London at 11.76 pence.
Those talks have now been terminated, and Zamano said it is no longer holding any talks about a possible takeover.
The group confirmed it will continue to seek investments, acquisitions and joint ventures itself as it seeks to grow its business.
By Sam Unsted; [email protected]; @SamUAtAlliance
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