Home
Investment
News & Views
Company News
news storage
Xpertise scraps Parity deal
Thu, 20 Nov, 2008
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Xpertise scraps Parity deal
Tue, 26 Aug 2008, 15:09:00
<b>Xpertise</b> shareholders have voted against the £4.8m purchase of <b>Parity</b> Training Limited announced last month, leaving the way clear for a takeover by privately-owned rival QA-IQ.<br /><br />The AIM listed IT training group said the result of the general meeting meant it would not be completing the Parity Training deal or the associated £2.3m placing.<br /><br />It is still mulling its response to Friday's bid from QA-IQ, 65% owned by funds managed by Englefield Capital and 35% by its management, worth 150p a share, or £8.7m.<br /><br />A condition of the QA-IQ offer was that the Parity deal was scrapped.<br /><br />QA-IQ has already received the support of 46.4% of Xpertise shareholders for its offer, but Xpertise is advising shareholders to take no action.<br />
©2004-2006 QCK.com
Tax Guides
|
Top 10 Tips
|
Financial News
|
Sitemap
|
Terms
|
About us
|
Contact
