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Date: Monday 30 Jun 2008

LONDON (ShareCast) - Thus is today’s top riser after Cable & Wireless confirmed it has upped its bid for the telecoms group with a cash offer of 180p per share.

Cable & Wireless approached the board of Thus about a possible cash offer of 165p per share at the end of May.

However Thus, which provides telecoms and broadband networks, rejected the proposal in June, saying the offer undervalued the firm.

This morning's confirmation follows weekend press reports of a sweetened offer.

Shares in ClinPhone were lower after Quintiles Transnational said it will not proceed with an offer for the clinical trial technology provider.

Parexel announced earlier this month that its 135p cash and share offer for ClinPhone has been accepted. The offer values the group at about £91m.

Quintiles Transnational said in response that it may make an all-cash counter offer, which would be at a premium to the price per share offered by Parexel.

FTSE TechMARK - Risers
Thus Group (THUS) 174.75p +20.31%
DRS Data (DRS) 20.50p +5.13%
Feedback (FDBK) 2.88p +4.55%
Intec Telecom (ITL) 49.00p +4.26%
Endeavors (END) 1.43p +3.62%
Protherics (PTI) 31.00p +3.33%
Innovation Group (TIG) 16.00p +3.23%
Vernalis (VER) 5.20p +2.97%
Skyepharma (SKP) 6.43p +2.88%
BTG (BGC) 187.00p +2.19%

FTSE TechMARK - Fallers
Plasmon (PLM) 4.50p -12.28%
Imagination Technologies (IMG) 63.00p -10.95%
Ceva Inc (CVA) 325.00p -7.14%
Corin Group (CRG) 149.00p -6.88%
Biocompatibles International (BII) 138.00p -6.60%
ClinPhone (CNP) 132.75p -5.18%
BATM Advanced (BVC) 51.50p -4.63%
Emblaze (BLZ) 37.00p -3.90%
Renovo Group (RNVO) 39.00p -3.70%
Filtronic (FTC) 71.50p -3.70%

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