Scantronic refused to comment. It disclosed last month that it was in possible bid talks with an unnamed party. Menvier said: 'In view of Scantronic's recently announced financial and trading difficulties, the board of Menvier has been seeking to obtain an appropriate understanding of Scantronic's financial position and prospects.'
It is thought one sticking point is what Menvier believes are too rigorous confidentiality agreements insisted upon by the target company before opening up its books.
It is believed Scantronic may have stipulated that Menvier does not approach any of its suppliers.
Scantronic's shares rose 2p to 19.5p. Menvier-Swain's shares were steady at 262p.Reuse content