Bede: Buyout offer on, then off the table

Feb. 26, 2008 – In the span of a week, UK-based Bede, a provider of X-ray metrology tools, said that it had finally received an offer from a suitor after being first approached last summer, but that the offer was below current market value.

“Discussions have now been terminated,” the company said in a statement, adding that it seeking a suspension of its securities tradings while it “considers its strategic options.”

In a Feb. 12 filing, Bede noted that it is currently in a tough financial position in the short- and medium-term — its current net position is £1.1M, with borrowings expected to continue within overdraft facility limits until the end of the current quarter, and “further finance will be required beyond the current quarter.


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