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Panmure still mulling offers
BROKER Panmure Gordon has again adjourned a meeting originally called to canvass shareholder approval for a stakebuilding proposal from private equity firm BlueGem, as it continues to mull over two rival offers.
BlueGem had originally planned to buy a 40 per cent stake in the firm for 24p a share, until hedge fund SPQR Capital and another unknown bidder swooped in with sweetened offers.
The trio submitted final revised proposals to Panmure last week.
The meeting, which had already been put back from 8 May until yesterday, is now scheduled for 3 June.