UK's Gamma falls after Waterland drops takeover offer

By Reuters News

** Shares of Gamma Communications GAMA.L down about 2.6% at 1,095p

** Dutch private equity firm Waterland confirms that it does not intend to make an offer for Gamma

** According to a Sunday Times report last month, Waterland planned to make an offer that exceeds the £1.08 bln ($1.43 bln) bid from Epiris, a British private equity firm

** GAMA shares up ~21.7% YTD

($1 = 0.7547 pounds)

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