No new bid emerges for Clarity

A mystery third-party bidder yesterday walked away from a bid for software firm Clarity after it was given a “put up or shut up” deadline by the Takeover Panel. Clarity has not named the suitor, with which it held advanced discussions, but the unknown firm has reserved the right to make an offer within six months. Clarity directors believe a second offer from Enigmatic Investments, which is controlled by Jon Moulton, the high-profile fund manager, is unlikely.