UXC finishes exclusive diligence without a sale

Summary:On 2 July 2010, the Board of UXC advised that it had entered into a period of exclusive due diligence with an interested party, and further advised that this may or may not lead to a full bid for the company.

UXC has come out of an exclusive due diligence period entered so a possible bidder could take a look at its books. The exclusive due diligence period has ended without a successful bid, but other parties have now also entered the fray, so UXC may yet go under the hammer.

Topics: Tech Industry

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Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for t... Full Bio

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