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Blue Label ends expression of interest negotiations

12th December 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JSE-listed Blue Label on Friday said it had terminated talks with the undisclosed company that had made a nonbinding expression of interest to acquire all the issued shares in the telecommunications group in October.

Blue Label, which retracted its cautionary, stated that the company had terminated its engagement with the party.

“Blue Label considers that insufficient progress has been made in relation to the nonbinding expression of interest received to merit shareholders remaining under cautionary,” Blue Label said in a statement.

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Edited by Creamer Media Reporter

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