Euronet deny Alphyra takeover talks

Euronet, which was reported to be interested in taking over Alphyra, have said that it was not in takeover talks with the company.

It said that it had been in discussions with Alphyra, but this was some time ago.

In the meantime, newspaper reports suggest that a group of shareholders, owning a total of around 30% of the shares in the company, are working with a Dublin stockbroker in an effort to push up the value of the takeover offer.

The 30% owned by these shareholders could block the acceptance of the management buyout offer, which requires 80% if total control of the company is to be gained.