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Online corporate marketplace Proactis saw its share price rally 16% to 48p after it confirmed that it has fielded several preliminary approaches to buy the company.
Management have gone on the defensive by flagging its confidence in the firm's future prospects as an independent business, but the company concedes that exploring all avenues is in the best interests of shareholders.
Talks remain at an early stage and Proactis will issue further updates as and when necessary.
At 9:35am: (LON:PHD) PROACTIS Holdings PLC share price was +6.5p at 48p