By Julian Goldsmith, 13 July 2001 08:39
NEWS Irish security supremo Baltimore has said it has received an approach from unlisted US technology licensing company Chantilly Corporation to merge the two companies.
Baltimore insists that the all stock offer was not a serious proposition, nor was it likely to become one that it felt it could recommend to its shareholders, according to Rueters.
The company was hit earlier in the week by the departure of its CEO and founder Fran Rooney.
Baltimore was the darling of investors during the internet boom 18 months ago, but since saw its shareprice has fallen by 98 per cent.
Receive news direct to your PDA
Get silicon.com news anytime, anyplace, anywhere...
http://www.silicon.com/goto-PDA-ed
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below