Acquisitor hovers over Baltimore

13 April 2012

REBEL 16% shareholder Acquisitor will discover today if it has toppled the board of former FTSE-100 darling Baltimore Technologies.

Even if it is successful, an administrative error means new management cannot be elected yet. Without any directors, Baltimore's shares, off 3p at 36 1/2p, face suspension.

At a farcical meeting, held up by a fire alarm and lack of microphones, shareholders were not convinced by either side rowing over Baltimore's £25m cash pile.

Acquisitor wants to use the funds to reverse an unnamed company into the former web security firm. Baltimore favours becoming a green energy consultancy. The votes were being counted last night.

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