InterQuest rejects approach by Chisbridge

InterQuest Group has confirmed that it has received notification from Chisbridge outlining its intention to make an offer for the Company.

Interquest issued the following statement:

"The independent directors of the Company (being Paul Frew and David Higgins)(the "Independent Directors"), who are being advised by Panmure Gordon, confirm that they have unanimously concluded that they are unable to recommend the Offer, when made, to InterQuest shareholders on the basis that it would materially undervalue the Company and its prospects."

At 1:54pm: (LON:ITQ) InterQuest Group PLC share price was -0.5p at 48p