AIM-listed Bingo and social club operator Top Ten holdings, has announced that another round of bid talks, this time with an as yet undisclosed party, have now come to a fruitless end.

This is the second such statement, after discussions regarding a possible offer from high street and online gambling play Talarius were terminated on 20 April.

Talarius said that ‘regrettably, it was not possible for agreement to be reached with the board of Top Ten on terms acceptable to Talarius.’ However, Top ten confirmed that it was holding discussions with ‘another party’, but remained cagey about its identity.

A source close to the company was able to confirm that this 'party', which had originally approached Top Ten, made a bid of around 200p per share but later walked away from the deal - the reasons for which remain elusive.

With this second, failed round of discussions, Top ten has seen its share price fall just over 12 per cent (15.5p) to 112.5p. Nevertheless, a forward strategy of strategic acquisition and organic growth remains intact.

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