Rendina, the management buyout (MBO) group seeking to take control of Alphyra said its €2.70 per share offer for company is now final and will not be revised or increased.
Earlier, Rendina's backer Benchmark Capital said, following recent press speculation, that it would not make further funds available to enable Rendina to increase its offer.
Rendina said the closing date of the final increased cash offer is February 26th and urged Alphyra shareholders, who have not already done so, to accept.
Rendina said by yesterday's close it had received valid acceptances totalling 12,610,197 Alphyra shares, amounting to 38.5 per cent.
Alphyra's management team has pledged a further 5.8 per cent, while Benchmark which is to become a majority shareholder in Rendina following the offer has purchased approximately 8.1 per cent of Alphyra's share capital.