LONDON (ShareCast) - (ShareCast News) - Thalassa Holdings confirmed the suspension of its share buyback programme on Friday, as a suitor continued to circle the marine geoscience and subsea robotics company.
The AIM-traded company had revealed the identity of its potential purchaser on 22 August as FairfieldNodal, which it described as a "global leader" in seismic nodal technology.

FairfieldNodal was interested in purchasing Thalassa's operating subsidiary WGP, and invest in its other holding, Autonomous Robotics - a potential transaction that was first flagged by Thalassa on 15 August.

"Further to the company's announcement of 15 August ... the board of directors of Thalassa confirms that FairfieldNodal has commenced detailed due diligence and that the share buy-back programme has been suspended until further notice," Thalassa's board said on Friday.

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