BRIEF-Tandberg says talks with private equity group end

Fri Oct 3, 2008 1:38am EDT
 
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OSLO, Oct 3 (Reuters) - Norwegian video conferencing equipment maker Tandberg (TAA.OL) said on Friday.

* That discussions with a private equity group over a possible stake in Tandberg have ended due to the turmoil in the financial markets, during which it has proved "impossible to achieve acceptable pricing and financing conditions".

* On Aug. 12, Tandberg announced it was in discussions with a private equity player about a potential offer for the shares of the company. (Reporting by Wojciech Moskwa)

 

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