Shares in motor dealer software provider Pinewood Technologies (LON: PINE) slumped when Apax decided not to go ahead with its bid. There was a 28.3% dive to 313p. The indicative offer was 500p/share.
Following the news, directors have been buying shares. Chief executive William Berman bought 16,035 shares at 309.5p each. Finance director Oliver Mann bought 16,175 shares at 307.5p each and 8.870 shares at 305.51p each.
Non-executive directors also acquired shares. Jemima Bird bought 16,891 shares at 296p each, Dietmar Exler purchased 2,500 shares at 295p each and Brian Small acquired 6,600 shar...
