Offer Talks Terminated
27 Novembre 2000 - 10:23AM
UK Regulatory
RNS Number:7481U
M.M.T. Computing PLC
27 November 2000
M.M.T. Computing plc
On 7 November 2000, M.M.T. Computing plc ("MMT") announced that it had
received an approach that might have led to an offer being made for the
company. After serious consideration, the Board has concluded that the terms
of the final proposal put forward by the third party do not fully recognise
the value of the company and accordingly discussions have now been terminated.
As announced at the company's preliminary results, it is the belief of MMT's
management that the restructuring and repositioning of the company has put it
in a good position to benefit from an expected surge in demand in e-commerce
and client server areas. However, the Board will remain alert to any
opportunities to maximise shareholder value.
Enquiries
MMT 020 7843 6211
Tony Grellier
ABN AMRO 020 7678 8000
Hugo Robson
Guy Williams
ABN AMRO Corporate Finance Limited ("ABN AMRO"), which is regulated in the
United Kingdom by The Securities and Futures Authority Limited, is acting for
MMT and no one else in relation to the approach described in this announcement
and will not be responsible to anyone other than MMT for providing the
protections afforded to customers of ABN AMRO or for providing advice in
relation to the approach.
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