Not much attantion given to RST, but a solid performer with a string of good defence customers in the US and a healthy order book.

Eurotech today confirmed that it has made two approaches to the Board of Radstone with a view to commencing discussions which may or may not lead to a cash offer by Eurotech for the entire issued and to be issued share capital of Radstone. These approaches were rejected by the Board of Radstone. Eurotech is currently evaluating whether or not to make another approach to the Board of Radstone; however there can be no certainty that an offer will be made.... Later, Radstone notes today's announcement by Eurotech and confirms that it received two conditional indicative proposals from Eurotech regarding a possible offer for Radstone. The Board of Radstone reviewed the proposals carefully, in conjunction with its financial advisers Close Brothers and with its stockbrokers JPMorgan Cazenove. The Board unanimously concluded that the proposals significantly undervalued the Company and its prospects and as such, the Board of Radstone unanimously rejected Eurotech's proposals.