Mapeley Ends Take-Private Talk

Mapeley said on Friday that discussions about being taken over have ended.

The company had been approached on February 26.

Majority shareholder and US hedge fund, Fortress, reportedly offered a Gbp19 a share bid.

Since receiving the approach, Mapeley has announced its 2007 results which included details of the successful refinancing of the company's Gbp257 million revolving Delta acquisition facility.

Jamie Hopkins, Chief Executive of Mapeley, commented: “Our robust business model and the resilience of our income streams position us well to continue to deliver consistent returns.”