LONDON (Alliance News) - Shares in recruitment company Nakama Group PLC fell sharply Wednesday after Talent International Holdings Pty Ltd said it doesn't intend to make a takeover offer for the company.
Nakama had soared January 22 when it said it was in talks with two companies, Talent International and The Rethink Group PLC, about a potential takeover offer for the company. The companies have until February 19 to make a firm offer or walk away.
Nakama shares were down 18.4% at 2.55 pence Wednesday morning after Talent walked away.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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