Lopex holds firm against Incepta

PR and direct marketing group Lopex is unlikely to face an all out takeover, despite the acquisition of an 11 per cent stake by Incepta.

PR and direct marketing group Lopex is unlikely to face an all out

takeover, despite the acquisition of an 11 per cent stake by

Incepta.



Incepta, which merged with Citigate Communications following a reverse

takeover by the PR group in December, bought 4,275,000 ordinary shares

in Lopex last week for pounds 1.94 million. The move led to speculation

that Incepta was poised for a takeover bid.



However, Lopex’s chief executive Peter Thomas told PR Week that he

considered a hostile bid unlikely. ’I don’t think hostile takeovers are

very common in PR and in a people business I think that would be quite

an irrational move,’ he said. ’Incepta is a very new company and nobody

is quite sure on what basis the deal took place.’ Thomas added that

Incepta had not given him prior warning of the share purchase and that

there were no plans for the PR arms of the two groups to move closer

together. ’I am happy to talk to anyone about joint affiliations but we

have had no substantial conversations yet,’ he said.



Recently Lopex has suffered from recent poor results. The reported

pre-tax losses of pounds 1.49 million for the year to December 1996.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in