Checkit receiving 'credible interest' under formal sale process

(Sharecast News) - Checkit said in an update on Friday that it had received credible interest from potential acquirers under its formal sale process, although it cautioned that there was no certainty any offer would be made.

The AIM-traded automated monitoring and operational intelligence platform said discussions with interested parties were ongoing, following the launch of the formal sale process on 26 March.

Checkit said it would make further announcements as appropriate.

The company stressed that the update did not represent a firm intention by any party to make an offer under Rule 2.7 of the Takeover Code.

It said current discussions could be changed or terminated at any time, and there could be no certainty that any offers would be made, that any sale would be concluded, or what terms any potential offer might include.

Shareholders were advised to take no action at this stage.

At 1136 BST, shares in Checkit were down 2% at 24.5p.

Reporting by Josh White for Sharecast.com.

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