Wed, 19 Sep 2012 | BUSINESS SALE
Despite having announced that it has abandoned sale talks, K3 Business Technology Group could still be open to takeover offers.
Based near Manchester in Salford Quays, the business has received a mixture of interest from potential buyers. Both trade and equity bidders have come forward since the AIM-listed business launched discussions in March of this year.
However, it has now stated that the talks have ended due to the fact that the bids received were “not at a level that would be acceptable to shareholders”, with nothing lodged that valued the company at above £2 a share.
Andy Makeham, chief executive of K3, has now said that the business will be receptive to fresh takeover prospects at the end of its work to reduce its debt and complete its investment in new products.
Mr Makeham told Men Media: “We do see good value in paying debt down and that is a good way to increase the value of the company, so further acquisitions would have to represent very good value to us right now.”
K3 posted a 28 per cent increase in full-year sales for the 12 months 30 June, rising from £52.8 million to £68 million.
This market-leading office brokerage excels in providing tailored services that address the dynamic space needs of businesses, from startups to established companies across various industries. With an innovative and client-centric approach, they leve...
This thriving West London pharmacy opportunity is for those seeking a profitable investment or expansion in the health sector, it presents a rare chance to acquire a well-established business due to the owner's retirement.
This is a rare opportunity to acquire a multi award-winning cheesemongers business in the North of England, known for its high-quality cheeses and deli products.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.