Network Data approached for possible buyout

A statement was issued to the stock exchange and investors this morning, indicating the firm may be bought. The firm says: "The Board of Directors of Network Data confirms that the Company has received a preliminary approach which may or may not lead to an offer being made for the Company." "Discussions are at a very early stage and there can be no assurance that any offer will be forthcoming." The firm has been dogged by rumours that it is insolvent and is struggling to pay commissions to its appointed representatives, but chief executive Richard Griffiths has denied the rumours. Mo...