AIM listed mobile services group Win (LON:WNN) this morning confirmed that it was in talks that could lead to a 141p per share recommended cash offer for the company being tabled by IMImobile.

IMI already owns a 2.37% stake in WIN and has secured an irrevocable undertaking from AXA IM UK, which holds a 18.56% stake, to accept the offer at 141p. News of the talks drove WIN’s share price up by more than 31% to 130p.

The company noted that the potential offer was at an early stage and subject to a number of pre-conditions, including the completion of satisfactory due diligence. It added that even if due diligence was completed, there was no certainty of a deal being done. As a result, it advised shareholders to take no action.

In March, WIN unveiled a 9.8% rise in sales during 2009 to £41.9m with underlying pre-tax profits beating forecasts at £1.5m, up from £1.0m a year earlier. At the time, chief executive Graham Rivers, said the company had established a set of leading mobile-centric products with strong potential to enable it to penetrate its core markets. WIN’s offerings include running operations for mobile networks, creating mobile marketing campaigns for brands and helping businesses to attract and retain customers using mobile.

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