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Offers don't take Bravura's fancy

Bravura said it has finished considering the takeover bids it received, and has decided to pass on all of them.

in brief Bravura said it has finished considering the takeover bids it received, and has decided to pass on all of them.

Bravura told the market last month that it had received a number of proposals which it intended to look into. However, none of them resulted in something that the board felt it could take to shareholders.

"None of the indicative proposals has resulted in a binding offer or proposal, either capable of implementation of of being put to shareholders."

The board said it was confident in the current direction of the business.