Offer Talks Terminated


 

TIDMCGNY 
 
RNS Number : 2445S 
Cagney PLC 
14 May 2009 
 

14 May 2009 
 
 
Cagney plc 
 ("Cagney" or the "Company") 
 
 
Offer talks terminated 
 
 
On 11 February 2009 Cagney announced that it had received a preliminary approach 
regarding a possible offer for the Company, whilst stressing that the approach 
and the resulting discussions were at an early stage and that there could be no 
certainty that an offer would be made for the Company. 
 
 
Cagney now announces that those discussions have ended amicably, with both 
parties agreeing that in the present economic conditions their energies would be 
better directed towards consolidating their present business and ensuring 
financial robustness in the face of the continuing recession. 
 
 
In its recent preliminary announcement the Company was pleased to announce a 
profitable first quarter of 2009 and cautious optimism about the remainder of 
the year. 
 
 
ENDS 
 
 
Enquiries: 
Cagney Plc  Tel: 020 7637 4198 
Steve Mattey, Chief Executive 
Patrick Oram, Chief Financial Officer 
Smith & WilliamsonTel: 0117 376 2213 
Nick Reeve 
David Abbott 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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