PLUS Markets Group plc yesterday announced that it is putting itself up for sale, starting “a formal sale process in order to identify appropriate potential partners for the Company or major strategic investors”:
“Potential offerors for the entire issued and to be issued share capital of the Company are, therefore, invited to contact Wyvern Partners”.
PLUS Markets has attempted to reposition itself in recent years as a Recognised Investment Exchange and as authorised derivatives trading venue and proprietary “white label” trading platform, but to little avail, with its share price down nearly 90% in the past three years. (Ironically, PLUS Markets is itself admitted to trading on AIM, but probably not for much longer.)
UPDATE 14 May 2012: No one picked up the towel, and PLUS Markets has announced that it is closing.
Friendly Corporate PSL
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