With the window closing for Clarity Commerce shareholders to accept - or not - the hostile bid from Enigmatic Investments, the board has again urged shareholders to resist the temptation to sell. In an announcement today it “confirmed that it is in discussion with a number of potential interested parties” to try and secure a better offer.
The announcement reflects a subtly different situation since the communication last week (see Bidding clash on the cards over Clarity Commerce) when the company said there were “several indicative expressions of interest.” There is some change but the announcement is all about timing. Clarity Commerce is hoping the potential of another bid will prevent shareholders from succumbing to the lure of Enigmatic Investments’ 23p per share offer, which times out tomorrow (October 19). There are still no hints regarding who those interested parties might be other than that they are from the retail and entertainments sectors. Keep watching.