17 August 2017
visit www.avoka.com

Baltimore in advanced sale discussions

01 July 2003  |  2997 views  |  0 Baltimore in advanced sale discussions

Irish digitial certification outfit Baltimore Technologies says it is in advanced discussions with several firms to sell all or parts of the company.

In May, Baltimore appointed JPMorgan to handle a controlled sale process, with a view to seeking a binding offer for the company by 30 June.

In a brief update released to the London Stock Exchange, Baltimore confirms "that it is in advanced discussions regarding several offers for the whole of the company, as well as several offers regarding specific parts of the company".

The firm says it will update the market on the progress of those discussions in due course.

The struggling company, which supplies PKI-based security systems to some of the world's leading banks, fired two-thirds of its workforce during the 2002 fiscal year as revenues and losses mounted.

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

Baltimore Technologies for sale

Baltimore Technologies for sale

23 May 2003  |  3407 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9950 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9922 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8266 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7724 views 0 | 1 tweets | 8 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7661 views comments | 13 tweets | 7 linkedin