The Week: City News - CIG calls off bid for Centaur

The media acquisitions company Critical Information Group has chosen not to proceed with a takeover bid for Centaur.

The move comes after City regulators set a deadline of 7 December, by which time CIG had to go ahead or walk away for six months. CIG has reserved the right to make, or participate in, a future offer in certain circumstances, including if a third party puts in an offer.