ME Group Ends Search for Buyers and Related Talks

Dow Jones12-05 17:23

By Adam Whittaker

ME Group said that it is no longer looking for buyers after it didn't receive attractive takeover offers.

The automated self-service equipment company said in June that it was looking at opportunities to enhance shareholder value, including seeking potential buyers.

It said on Friday that talks with several parties ended after they failed to deliver an offer that was in the best interests of all shareholders.

It said it remains committed to its long-term strategy of growing its core laundry and photobooth businesses.

The company is now no longer under an "offer period" as defined by the U.K. takeover code, it said.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

December 05, 2025 04:23 ET (09:23 GMT)

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