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June 23, 1997updated 05 Sep 2016 12:36pm


By CBR Staff Writer

Lynx Holdings Plc has pulled out of acquisition talks with Kalamazoo Computer Group Plc (CI No 3,176), blaming slow progress on the collapse of the deal. According to the Financial Times, talks foundered due to uncertainty surrounding the Kalamazoo Trust, a 50-year old fund for employees which holds 40% of the company shares, which the company might not be authorized to sell. Kalamazoo said it has received interest from other companies following the announcement of discussions with Lynx.

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