LONDON (SHARECAST) - Security systems provider Westminster Group said it has no current intention of making an offer for Pentagon Protection.
The announcement comes after Westminster made a preliminary bid approach to the window film provider last month.
Pentagon said at the time that the indicated offer was at a level which, in the opinion of the Pentagon board, substantially undervalues the company.
Westminster’s offer terms placed a value on Pentagon shares that was considerably lower than the prevailing market price at the time the approach was made; since news of the bid approach became public.
LONDON (SHARECAST) - Security systems provider Westminster Group said it has no current intention of making an offer for Pentagon Protection.
