The private equity company that made an approach to Marston's PLC (LON:MARS) has now called time on the deal.
Platinum Equity Advisors put out a statement on Thursday morning saying that, "after careful consideration, it does not intend to submit a revised proposal and it will not make a firm offer for Marston's".
The FTSE 250-listed pub company said late last month it had received an approach regarding a possible cash offer, though no price was mentioned.
Last week, Marston's confirmed the board had unanimously rejected a proposed offer at 105p per share, which it said followed two earlier proposals at 88p and 95p per share in December.