Me Group considering sale as it evaluates strategic options

(Sharecast News) - ME Group - formerly Photo-Me International - confirmed on Wednesday that it is "evaluating strategic options to enhance shareholder value", including a potential sale. Responding to media speculation, the company said: "One of the options being considered involves seeking potential offerors for the company." It added that it is not in receipt of any offers.

Me Group said there can be no certainty any firm offer will be made, nor as to the terms on which any offer might be made, and that a further announcement will be made "as and when appropriate".

At 1230 BST, the shares were up 7.1% at 226p.