UK business communications service provider Alternative Networks has rejected a very early stage offer by a third party after giving 'due consideration' to the outlined plan.
Alternative Networks said it concluded that the proposed consideration was not sufficiently attractive that it would represent a compelling proposition for shareholders.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm added that the proposed cash return to shareholders by way of tender offer announced earlier this month remains open for acceptance, but said if any shareholder who has already accepted the tender offer wishes to reconsider its decision in light of this announcement, they will be allowed to withdraw or amend their tender.
NR
-
5 alternatives to Reeves’ inheritance tax raid on rural Britain as families face ‘splitting up or selling’ farmsInheritance tax limits are now so low they attack small working family farms rather than just going after tax loopholes, one Cotswolds farmer has said
-
High earners at risk of £65k retirement shockHigh earners could face some of the biggest pension shortfalls when they retire, as the cost of maintaining an expensive lifestyle could erode their retirement savings
