IN BRIEF: Esyasoft deadline to make CyanConnode bid extended

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CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - Put up or shut up deadline for possible bid from Esyasoft Holding Ltd is extended to July 21 from June 23. In March, Esyasoft made a possible all-cash offer proposal which values the company at £37.5 million, or 10.44 pence per share. At the time, CyanConnode said it would be willing to recommend unanimously a bid at this level. Esyasoft continues to progress its ‘confirmatory due diligence, which remains ongoing and at an advanced stage, with the parties continuing to work through the final remaining elements of that process.’ Hence, the extension to the bid deadline.

Current stock price: 8.30 pence

12-month change: up 11%

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