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Vantis rejects bid approach
- Created:
- 7 May 2008
- Written by:
- Malar Velaigam
Professional and financial service providers Vantis has rejected an unsolicited 'preliminary all-share approach' and is not continuing discussions. The group revealed that it received the approach on 6 May.
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IC VIEW:
GoodValue
Shares in Vantis have fallen since our last update (Good value, 143p, 11 January 2008) but rose 20 per cent to 116p on news of the approach and have since eased to 110p, at which level they remain good value as the sector continues its consolidation phase.
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