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Bids, Mergers and Takeovers

Sepura notes possible review of recommended offer for the company

29 March 2017 09:28

Sepura said the UK Department for Business, Energy & Industrial Strategy was minded to initiate a review of the recommended offer for the company by Project Shortway Ltd, a subsidiary of Hytera Communications Corp Ltd.

Hytera and Sepura were seeking competition approvals for the deal.

"The department has sought representations from Sepura on this possibility which Sepura will be providing expeditiously," said the company in a statement.

"Sepura continues to evaluate the potential process and implications of such a review if implemented," it said in a statement.

At 9:28am: (LON:SEPU) Sepura PLC share price was -1.37p at 14.13p

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