The Board of Dublin-listed storage company Norish said today that discussions regarding an approach have been terminated by the company. Norish said on September 6 that it had received a takeover approach.
The company said that since the initial approach the talks have continued to remain at a preliminary stage and that no due diligence has been carried out.
In a statement, Norish said that it had taken the decision to terminate the discussions as the continuing nature of the process was not considered to be in the best interests of shareholders.
'The Board is satisfied with the current trading performance of Norish and will continue to evaluate strategic options in order to enhance shareholder value,' the statement added.
