The board of Clipper Logistics plc (LSE:CLG) noted that announcement made by Sun Capital Partners Group VII, LLC ('Sun Capital') stating that, in accordance with Rule 2.8 of the City Code on Takeovers and Mergers (the "Code"), it does not intend to make an offer for the Company. Accordingly, Sun Capital is now subject to the restrictions under Rule 2.8 of the Code. The board confirms that discussions regarding a possible offer took place between the parties, and the views of a number of independent Clipper shareholders were sought. However the Board and Sun Capital were unable to agree terms that would be recommendable to Clipper shareholders, given the medium term growth prospects of the Company. Consequently, both sides agreed to terminate discussions.