Following press speculation that Brainspark plc was in talks with internet incubator Durlacher plc, Brainspark said yesterday it is in the “early stages of discussions with a number of parties”, which “may or may not lead to an offer being made by the company”.
The company, which formed in September 1999 and became public just six months later, confirmed that Durlacher is one of the parties it has had talks with. Similarly, Durlacher has also had a series of disucssions on an informal level with a number of parties, which it says have not advanced 'beyond preliminary stages'.
Bound by Stock Exchange regulations, Brainspark's director of marketing David Hart said the company was unable to disclose further details about strategic plans going forward. All he was prepared to say was that is had always been the company’s intention to “maximise value for shareholders and the company”.
Brainspark, Durlacher in talks
Brainspark and Durlacher have both been conducting independent talks with various parties about a possible consolidation.
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