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In a message to investors, metrology equipment company Renishaw stated it is no longer seeking a sale. The company announced earlier in the year that founders David McMurtry and John Deer would be selling their majority in the company. After reviewing offers, the company decided against the sale.
In a July 7 announcement, the company stated, “The Board carefully reviewed a number of proposals with its advisers and unanimously concluded that none would meet the Board’s objectives of delivering an outcome that satisfactorily met the interests of all stakeholders. Sir David McMurtry and John Deer have indicated to the Board they remain committed to Renishaw and have no intention of selling their shares on the market for the…READ MORE