The board of Alea announced today that it has received...
The board of Alea announced today that it has received a "very preliminary" unsolicited approach that might lead to a higher offer for the company than that made by FIN Acquisition.
The idnentity of the bidder has not been disclosed.
Aleas said the approach was based solely on publicly available information. The party is being provided with information in accordance with Rule 20.2 of the Takeover Code.
"The recommendation of the Independent Directors of the Company, made in the document dated 24 April 2007, relating to the recommended acquisition by FIN Acquisition continues in effect," Alea said in a Stock Exchange statement.
A further announcement will be made in due course, it added.