Cash shell Tau receives reverse takeover interest

Cash shell Tau said it had extended its timeline to receive and consider reverse takeover proposals to 6 February.

Tau said it had received expressions of interest from parties mulling a transaction.

If the board, however, had determined by 6 February that none of the potential transactions could be progressed, it would consider distributing most of the company's cash to shareholders and cancelling its listing on AIM.

At 2:59pm: (LON:TAU) Tau Capital PLC share price was 0p at 0.02p