IN BRIEF: Tungsten ends takeover talks with potential offeror

Wed, 18th May 2022 19:37

Tungsten Corp PLC - London-based electronic invoicing company - Amid several bids for the company, Tungsten has confirmed that one of the unnamed potential competing offerors has expressed no intention to acquire the company and has ended talks.

Earlier in May, Tungsten chose to recommend Pagero's new offer worth GBP61.5 million, following the withdrawal of Kofax and Project California.

Current stock price: 50.50 pence

12-month change: up 58%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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