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Retail Decisions terminates takeover talks

01 June 2006  |  4465 views  |  0 card chip

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.

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."

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