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Ascribe management buyout?

20th August 2008

IT services company Ascribe plc has confirmed it is in preliminary talks with its executive directors regarding a possible management buyout.

The company, which provides a range of products and services including pharmacy, prescribing and GP systems and has a market capitalisation of around £28m, has seen its share drop by 38% over the last year. However, the company has also warned shareholders in a statement that that they should be away there is "no certainty that an offer will be forthcoming."

 

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