MicroMega Holdings, a JSE-listed IT and financial services investment company, has withdrawn its cautionary announcement of two weeks ago, and advised shareholders the negotiations that were in progress have ended.
"Negotiations have been terminated, caution is no longer required to be exercised by shareholders when dealing in their securities," reads a note to the stock exchange yesterday afternoon.
On 11 August, MicroMega issued a cautionary announcement that the company had entered into negotiations with another, unnamed, party.
Last month, chairman of the group, Greg Morris, said MicroMega was looking to acquire an IT company to complement its Intermap entity, but added it would be difficult to find "like-minded entities" to pursue for acquisition.
Morris could not be reached this morning for comment.
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