Action Computer Supplies has been forced to call off the merger with US giant Insight Enterprises, after the poor performance of the UK mail order company.
As revealed on Friday, Action suspended its shares pending an announcement. The statement revealed that the deal had been terminated because of a "detoriation in Action's operating results and the difficult near term trading conditions, particularly with the millennium year end still to come."
The proposed merger between the two parties was announced on 10 May and has already been revised, on 27 July.
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