Spur -not to proceed with Cappuccino's transactio

Spur Corporation announced in the press on 6 June 2011 that it planned to acquire a 60% stake in the Cappuccino's restaurant chain. The transaction was subject to the completion of a due diligence review. Following the conclusion of this due diligence process the management of Spur Corporation and Cappuccino's have agreed, by mutual consent, not to proceed with the transaction.

2011-08-05 12:21:54