Cinven says Spice approach rejected

Cinven Limited confirmed that it made an approach to Spice but it was rejected by the support service group.The group said it made the approach on 24 May 2010, indicating an offer price of 56p per share, a 51.4% premium to the share price at the close of business on 21 May 2010."This approach was rejected by the Board of Spice and there are currently no discussions taking place between Cinven and Spice," it said.Cinven added that it believes the level of the indicative offer represented a significant premium for both the value of Spice's businesses and the recovery value from executing the strategic review being undertaken by Spice's management. Spire Healthcare