Nestor Healthcare plc has thrown out all potential takeover bids after failing to receive an acceptable offer.

The board of Nestor had received an unsolicited approach from a mystery buyer on 2 July – which prompted a number of other interested parties to make a bid for the company.

It is understood that none of the bids reached a price high enough to satisfy the board, and all offers were subsequently rejected.

On official statement from the company said: “Having concluded a process which included detailed discussions with interested parties, the board has not received an offer that it believes represents fair value for shareholders and therefore has terminated the process and ended all discussions.”