Odd takeover approach rebuffed due to ‘insufficient detail’
Thursday 12 Oct 2017 Author: Steven Frazer

Smart buildings solutions designer RedstoneConnect REDS:AIM) has batted-off a bizarre takeover approach.

AP Systems announced a plan to buy RedstoneConnect on 28 September without contacting the company directly.

Having since received a formal letter, RedstoneConnect has binned the proposal because of the lack of detail. No valuation was mentioned, calling into question AP Systems’ intentions.

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