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Share News for Coms (COMS)
| Share Price: 2.21 | Bid: 2.17 | Ask: 2.25 | Change: -0.025 (-1.12%) |  | ||||||
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Nettworx says Coms terminates possible offer talks with Sim4travel
Mon, 18th Feb 2008 17:23
LONDON (Thomson Financial) - Nettworx PLC said internet telephony company, Coms PLC has termin
Nettworx, which invests in voice, video and data networks said accordingly, the conditional, irrevocable binding undertaking given by the company to Coms will terminate with immediate effect and it will no longer sell its stake in Sim4Travel to Coms.
'Nettworx continues to support Sim4Travel through it's equity investment and loan note', Nettwrox director, Jonathan Rowland said.
On December 13, 2007 as part of the talks, Nettworx -- which holds 117.33 mln shares in Sim4Travel, or roughly 11.8 pct of the company - had agreed to sell its stake to Coms.
tfn.newsdesk@thomson.com
pvi/lam
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON (Thomson Financial) - Nettworx PLC said internet telephony company, Coms PLC has termin
ated its possible offer talks for international SIM card provider, Sim4Travel Holdings PLC and is no longer in an offer period.
Nettworx, which invests in voice, video and data networks said accordingly, the conditional, irrevocable binding undertaking given by the company to Coms will terminate with immediate effect and it will no longer sell its stake in Sim4Travel to Coms.
'Nettworx continues to support Sim4Travel through it's equity investment and loan note', Nettwrox director, Jonathan Rowland said.
On December 13, 2007 as part of the talks, Nettworx -- which holds 117.33 mln shares in Sim4Travel, or roughly 11.8 pct of the company - had agreed to sell its stake to Coms.
tfn.newsdesk@thomson.com
pvi/lam
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Nettworx says Coms terminates possible offer talks with Sim4travel UPDATE
(Updating to add quote from Coms's chairman, details on Sim4travel) LONDON (Thomson Financial) - Nettworx PLC said internet telephony compan[18 Feb '08]
Nettworx says Coms terminates possible offer talks with Sim4travel
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