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It says offer does not provide shareholders with sufficient value

Oil services minnow Thalassa (THAL:AIM) is shelving plans to sell its marine seismic subsidiary WGP Group after it determined third party proposals did not provide shareholders with sufficient value.

Noting a gap between its market value and what it sees as the intrinsic value of its assets, the business is upping its share buyback programme from £2m to £4m.

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