SMC terminates talks with Aukett a week after approaching fellow rchitect about a potential offer.
The SMC Group has pulled out of a potential takeover of listed fellow architect Aukett.
Aukett reported to shareholders on 8 March that it had received an approach from SMC that could lead to an offer. Today Aukett said SMC Group was no longer planning to make an offer and had terminated talks.
Last week Aukett reported a pre-tax loss of £1.156m for the year ended 30 September 2004 on a turnover of £11.82m.