Red24 says talks with iJet in preliminary stages

Red24 said on Wednesday that it is currently engaged in discussions with iJet International over a possible offer at 24p in cash per share.

“The board would like to emphasise that these discussions are at a preliminary stage and that there can be no assurances that any offer will be made nor as to the terms on which any offer would be made.”

Red24 confirmed on Monday that it was in discussions with iJet that could lead to an offer being made for the crisis management firm.

At 1157 BST, Red24 shares were down 5.5% to 23.15p.