LONDON (Alliance News) - Critical communications services company Sepura PLC on Thursday said that it received a tentative takeover approach but that the potential suitor has decided against making an offer.
Sepura shares had been trading up around 18% prior to its statement, which had been made in response to the share price rise.
The company said it had received a "very preliminary approach" from an unnamed third party, but that this potential bidder had decided not to make a bid.
Sepura shares still were up 8.2% to 53.00 pence, one of the best performers in the FTSE All-Share near the close Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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