Procurri Corp, citing the increase in its share price and trading volume on May 11, says that it has in “recent months” received non-binding indications of interest from “several third parties” to buy parts of the company.
On May 11, Procurri’s share price was up 9.72% to close at 40 cents, which brings year to date gain to 23.44%
“The company is currently reviewing and evaluating the non-binding expressions of interest and wishes to emphasise that there is no assurance that any transaction will materialise or that any definitive or binding agreement will be reached or entered into,” the company says.
Last year, Novo Tellus, Procurri’s key shareholder, tried to make a partial offer for the company at 36.5 cents. The deal was rebuffed by other shareholders.
Procurri’s business is in the refurbishment and trading of IT equipment. Its chairman and global CEO is Thomas Sean Murphy.
