Retail Decisions terminates takeover talks

UK card fraud prevention outfit Retail Decisions (ReD) says it has ended takeover talks with an unidentified suitor because the approach offer didn't reflect the true value of its business.

  0 Be the first to comment

Retail Decisions terminates takeover talks

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

ReD said in May that it had received an early stage bid approach which may lead to an offer for the company.

But in today's brief statement to the stock exchange, ReD says: "The board has concluded that the approach does not reflect the quality of the company's businesses or its growth prospects. The board has responded to the approach accordingly."

Sponsored [Webinar] The final countdown: What’s next for Verification of Payee?

Comments: (0)

[Webinar] Can You Have It All? Integrating New Channels In A New World Of PaymentsFinextra Promoted[Webinar] Can You Have It All? Integrating New Channels In A New World Of Payments