Information  X 
Enter a valid email address

Buyers Guide PLC (VRA)

  Print      Mail a friend

Friday 17 May, 2002

Buyers Guide PLC

Termination of talks

Buyers Guide PLC
17 May 2002


               Buyers Guide plc ('Buyers Guide' or 'the Company')


                              Termination of talks


The board of Buyers Guide announced on 29 April 2002 that it was at an advanced
stage of pre-contract negotiations to acquire the manufacturing division of
Cobra Therapeutics Limited ('Cobra'), a subsidiary of ML Laboratories plc, to
sell the Company's On-line Advertising business to its founders and to carry out
a Placing of new and existing ordinary shares ('Placing').


The negotiations for the acquisition of Cobra have been terminated and trading
in the Company's ordinary shares has been restored with effect from 7.00am this
morning.


The Company still intends to dispose of the Company's On-line Advertising
business to its founders, for a nominal consideration and an amount in respect
of receivables. Negotiations are progressing and if an agreement is reached an
announcement will be made in due course. The Placing will not now proceed.


The Company expects to release its preliminary results for the financial period
ended 31 December 2001 during the course of next week.


17 May 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                                                                                                                                                      

a d v e r t i s e m e n t