17 August 2017
visit www.avoka.com

Earthport in Baltimore bid

20 December 2004  |  2330 views  |  0 blurry men

UK electronic payments outfit earthport says it is considering a possible offer for Baltimore, the one-time security tech stock star and cash shell.

In a brief statement, earthport says: "Earthport intends to approach the board of Baltimore in the next few days with its proposal and to seek a recommendation. Any proposal would involve a mixture of cash and shares in earthport."

Late last month, Baltimore initiated legal efforts to force earthport to lodge security to defray the legal costs arising from a £13m lawsuit filed against Baltimore earlier this year.

Earthport has been pursuing Baltimore for damages in relation to a deal signed between the two companies in 2001.

Baltimore is planning to de-list from the Stock Exchange and consolidate its share structure in anticipation of a future disposal of the business and its remaining assets.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Earthport wins Interconsult Europe contract

Earthport wins Interconsult Europe contract

16 November 2004  |  2573 views  |  0 comments
Earthport up on highest quarter for four years

Earthport up on highest quarter for four years

20 August 2004  |  2274 views  |  0 comments
Earthport firms up on Legendary Investments

Earthport firms up on Legendary Investments

03 June 2004  |  2311 views  |  0 comments
Earthport wins Wanadoo micropayment contract

Earthport wins Wanadoo micropayment contract

11 May 2004  |  6013 views  |  0 comments
Loss-making earthport eyes Asia Pacific and US

Loss-making earthport eyes Asia Pacific and US

31 March 2004  |  3364 views  |  0 comments
Brief: Earthport set to raise £3 million in share placing

Brief: Earthport set to raise £3 million in share placing

26 January 2004  |  2506 views  |  0 comments
Earthport to file claim against Egg

Earthport to file claim against Egg

26 November 2003  |  4472 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.abe-eba.eudownload the paper now

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10219 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9561 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9382 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8399 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7879 views comments | 1 tweets | 2 linkedin

Featured job


Brussels or Frankfurt

Find your next job