Accesso Technology Shares Rise As Takeover Discussions Continue

(Alliance News) - Shares rose in Accesso Technology PLC on Wednesday as it announced "refreshed indications of interest" from potential buyers over the past few months, with which the company remains in discussions.

Shares in the queueing and ticketing products maker were 13% higher at 590.00 pence on Wednesday in London.

In July, Accesso started a formal sale process following the receipt of several unsolicited takeover approaches. The company launches the sale process in order to "ascertain whether such interest could translate into an offer for the company" which it considered worthwhile.

Accesso said Wednesday that it has continued to engage in discussions with several parties to figure out whether an offer can be made at a value considered by the company's board as attractive to shareholders.

The interested parties remain engaged in financial and operational due diligence.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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