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
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails