Action Computers were forced to suspended its shares today, fuelling speculation that its impending acquisition with Insight Enterprises was on the rocks again.
According to the statement on the UK stock Exchange, the shares were temporarily suspended on 15 October at the company's request, pending an announcement.
One observer commented that the suspension meant that the terms of the purchase between Action and Insight were being revised for a second time or that the deal had fallen through.
In July Action took similar action and temporarily suspended its share price on the London Stock Exchange at its own request. The shares were restored at 9am on 28 July.
In a statement issued to the Stock Exchange three months ago, the company stated: "A material adverse change in trading conditions is being experienced by Action which has deteriorated materially since the merger was announced.Large customer spending had a further impact due to the slowdown in ordering ahead of the year 2000."
Action's share price was trading at 177.5p at the time of suspension, down from its 1999 high of 307.5p.
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