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Aug 24 (Reuters) - FDM Group Plc said on Monday its management raised its potential offer price for the British IT services company to 135 pence per share in cash from 120 pence.
Assuming 23.2 million shares outstanding at an offer price of 135 pence per share, the potential deal is valued at 31.3 million pounds ($51.72 million).
The company said it was in advanced talks with the management about a possible bid.
FDM said the management team comprised of Non-Executive Chairman Ivan Martin, Chief Executive Rod Flavell and Chief Financial Officer David Templeman, among others.

($1=.6052 Pound)

(Reporting by Shivani Singh in Bangalore; Editing by Gopakumar Warrier) Keywords: FDMGROUP/ (shivani.singh@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: shivani.singh.thomsonreuters.com@reuters.net)

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