Ricardo share price bombed by QXL jitters

'Nothing illegal, illicit or fraudulent', says QXL

Online auction house Ricardo.de's share price was still suffering this morning amid doubts over its planned buyout by QXL.com.

The German company's shares slid 16 per cent to E32.6 on the Neuer Mart yesterday after QXL issued a statement saying it had received "certain information" from Ricardo since the deal was announced in May. Today its share price remained unchanged.

According to reports, QXL CEO Jim Rose said he hoped to reach a decision about Ricardo - which uses ex-Compaq chief Eckhard Pfeiffer as its figurehead - "within a week".

He was unable to give details on yesterday's statement, but told The Express: "What I can say is that there's nothing illegal, illicit or fraudulent".
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