LONDON (Thomson Financial) - TMN Group Plc. said Mike Danson has further
upped his stake in the online marketing services company to 24 percent, or 18.12
million shares, from 19.2 percent previously after buying 3.63 million shares at
43p apiece.
Danson has been increasing his holding in TMN since March, just after
Tangent Communications Plc. confirmed it had made an offer for the company
valuing it at about 50 pence a share.
Danson stepped up the pace of his stakebuilding after Tangent pulled out of
offer talks on April 8.
TMN last week warned on full-year profit, but said talks for a possible
offer for the company are continuing, sending its share price plummeting.
At 1:53 p.m., shares in TMN were unchanged at 43.5p.
tf.TFN-Europe_newsdesk@thomsonreuters.com
vlb/jag
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