British music company Chrysalis Plc has terminated all talks related to a possible offer for the company, but says it continues to evaluate other opportunities.

Shares of the company were down 12% or 7.75 pence (11.6 cents) at 57.25 pence (85.6 cents) this afternoon.

On Sept. 17, Chrysalis said it had received very tentative approaches from a number of parties "suggesting a variety of collaborative transactions, including a possible offer for the company".

The company now confirmed it was no longer deemed to be in an "offer period."