UK - Braveheart demands access to ANGLE books

nathanwilliams
11 July 2008

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Early-stage technology investor Braveheart has requested that ANGLE, the AIM-listed technology commercialisation company, open up its books to allow the investor the opportunity to conduct due diligence with a view to a possible take-private.

Braveheart announced in April that it was considering an offer and since then has been thwarted by ANGLE, which has refused to disclose further company information.

The board of ANGLE has been unwilling to comply with Braveheart's requests before it recieves a commitment from Braveheart that it will supply the appropriate level of funding it believes the ANGLE portfolio companies require.

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