Ffastfill offer talks terminated
05 March 2007 | 4586 views | 0
Shares in UK derivatives trading software vendor FfastFill slumped after it said talks with a potential bidder had been terminated.
Fasstfill shares fell over 25% to 6.75 pence after the firm said it had ended talks with an un-named suitor. The stock recovered slightly during the day, rising to 7.63 pence by 16.30 pm.
The vendor said in January that it had received an approach regarding an offer for the business.
But in today's statement Keith Todd, chairman and CEO, Ffastfill, says the unsolicited approach "failed to recognise the company's value".
Looking ahead the vendor says it is confident that its results for the year ended 31 March 2007 will be broadly in line with expectations.