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Getronics offer talks terminated

18 July 2007  |  2510 views  |  0 graph

Shares in Getronics have slumped after the Dutch IT services firm said takeover talks with an un-named US company had been terminated.

Getronics stock fell to EUR5.47 im morning trading - down 16.23% from Tuesday's close - after the firm released a statement saying it was no longer in takeover talks.

The vendor said earlier this month that it had received a "formal expression of interest" from an un-named US-based firm. A number of companies were rumoured to be the un-named suitor including SystemsNet, Hewlett Packard, IBM, EDS and private equity firm Platinum Equity.

But in today's statment Getronics says following preliminary discussions talks with the party have been terminated.

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