The AIM-listed marketing and advertising services provider has also suspended dealing of its shares prior to the publication of a declaration document.

Media Square chief executive Jeremy Middleton said that suspension of share dealing was normal in a deal of this size, which he said was effectively a reverse take-over.

"The firm we are buying is twice as large as we are, and until we can give shareholders all the information regarding our plans, share dealing remains suspended."

Middleton said he expected to release the document within the next week.

He said the firm's move into print management it bought Symbian Print Intelligence and Lineword and established SPI Management in August had proved a success (PrintWeek, 11 August).

"These acquisitions have been very successful, and we hope to announce new contracts soon," said Middleton.

Recent Acquisitions
October 2004 Arnold Interactive
August 2005 Symbian Print Intelligence and Lineword, and establishes SPI Management
September 2005 63m deal for Huntsworth's marketing and advertising business