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Canaccord confirms it may bid for Evolution

By BFN News | 10:59 AM | Tuesday 16 August, 2011

Canaccord Financial ("CF") has confirmed that it has held preliminary discussions regarding a potential offer for the entire issued and to be issued share capital of Evolution. CF's interest is subject to a number of pre-conditions including, among others, obtaining a unanimous recommendation from the Evolution Board and the satisfactory completion of due diligence. It reserves the right to waive any or all of its pre-conditions. There can be no certainty an offer will be made, even if the pre-conditions are satisfied or waived. At 10:59am: (LON:CF.) share price was 0p at 700p (LON:EVG) Evolution Group share price was +8.75p at 91.25p Story provided by