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Bids, Mergers and Takeovers

Parallel Media in discussions about possible takeover

09 August 2017 13:26

Parallel Media Group said it has noted the movement in its share price and confirms that the Group is in advanced discussions with another party about a possible reverse takeover of the Company.

As a result, the Group's shares have today been suspended until publication of a re-admission document or until discussions are terminated.

At 1:26pm: (LON:PAA) Parallel Media Group PLC share price was +4.75p at 23.25p

Story provided by StockMarketWire.com

Related Company: PAA

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