Next Fifteen confirms sale talks

Next Fifteen Communications and Huntsworth have confirmed they are in talks, but Chime Communications is yet to comment.

Will Whitehorn: Next Fifteen sale talks
Will Whitehorn: Next Fifteen sale talks

A report in yesterday's Sunday Telegraph said that Chime Communications is in exploratory talks to buy Next Fifteen in an all-share deal, while Huntsworth is looking to make an offer in cash.

A Next Fifteen statement this morning said: ‘The board of Next Fifteen... can confirm that it has received two approaches to acquire the entire issued share capital of the company.'

The company also said that, while considering these approaches, the board wanted to make it ‘quite clear' that the discussions were in a very early stage and there is no certainty they will lead to an offer.

Huntsworth this morning confirmed that ‘preliminary discussions are taking place concerning a possible offer for Next Fifteen.'

Chime Communications is yet to issue any statement.

Will Whitehorn, chairman of Next Fifteen, Lord Chadlington, Huntsworth's group chief executive, and Lord Bell, chairman of Chime Communications all declined to comment.

Next Fiftteen shares jumped 25 per cent during morning trading on the back of the news.

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