Redstone Connect moves on
SMART BUILDINGS solutions designer RedstoneConnect REDS:AIM) has batted-off a bizarre takeover approach.
AP Systems announced a plan to buy RedstoneConnect on 28 September without contacting the company directly.
Having since received a formal letter, RedstoneConnect has binned the proposal because of the lack of detail. No valuation was mentioned, calling into question AP Systems’ intentions. (SF)