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01 Feb 2010
Managed services outfit NetServices has admitted it has received an approach from an amorous suitor following a sharp spike in its share price.
The alternative investment market (AIM)-listed firm, which recently bagged a Cisco Master Managed Services accreditation, issued a stock market statement on Friday after its share price soared to 9.5 pence.
It said it had received “preliminary expressions of interest” to buy its managed services business, including its shareholding in WAN Services.
Further reading
This represents all, or “substantially all”, of its assets.
If the negotiations proceed to contract, a shareholder circular will be published, although NetServices stressed there is no guarantee that the approach will lead to a deal.
“The company will make a further announcement in due course," it stated.
NetServices only listed on AIM this month following a cash injection from serial channel entrepreneur Ian Smith. The firm posted an EBITDA loss of £0.1m on sales of £5.9m in its last financial year to 31 August.
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