Star Data Not For Sale; Share Prices Fall As Company Shifts Strategy

ORGANIZATION & MANAGEMENT

TORONTO--After months of review, Star Data has decided to call an end to the search for a buyer of its company. In response to the news, the company's stock fell almost 30 per cent.

The reason for calling off the search, says Alan Hutton, president and chief executive of Star Data, was that an acceptable offer was not received from prospective buyers.

Hutton declines to comment on the price they were looking for, but recent share prices value the company at approximately C$108 million ($70.9 m

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