The Board of Hardy have announced that discussions with Omega Underwriting over the sale of the company have been terminated. Hardy stated that Omega was unable to improve on its original offers, announced on 20 June 2005, and, having discussed the matter with a number of the company's major shareholders, the Board had terminated discussions with Omega and its advisers.
Hardy is no longer engaged in any discussions regarding the possibility of an offer and, accordingly, and is no longer deemed to be in an offer period for the purposes of the City Code on Takeovers and Mergers.
