2 September 2010 – takeover talks

Following yesterday’s announcement, the board of Spice has now revealed that it is in advanced discussions with Cinven regarding an offer being made for the company at a price of 70p per share.  As these talks continue, discussions with the other potential offeror have been terminated.  Although any bid would be subject tu due diligence, it seems more than likely that this bid will now succeed.  AWAIT DEVELOPMENTS.