RE: www.bloggingbuyouts.comold post :
got this from my inbox:
OMT Inc (TSX Venture Exchange: OMT) has received now two unsolicited expression of interest with respect to a proposal for a corporate purchase transaction , according to "people familiar with the situation one of the offer is a all cash offer of 8.5c per share here is the news from Friday:
2011-02-03 14:29 MT - News Release
Shares issued 28,922,090
OMT Close 2011-02-02 C$ 0.03
Mr. Bill Baines reports
OMT ANNOUNCES STRATEGIC REVIEW
OMT Inc. has undertaken a review of its strategic alternatives and is currently in discussions with an interested party regarding the potential acquisition of OMT Technologies Inc., a wholly owned subsidiary of OMT comprising substantially all of the assets of the company. At this time, there is no legal obligation on OMT or the interested party to complete a transaction. Any transaction will be subject to the parties entering into a definitive agreement and the satisfaction of a number of conditions, including due diligence and receipt of applicable approvals.