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A $6 million investment in vending machine technology company VTL by two American buyers has been called off.
John Halpern and George P. Denny III had been poised to buy 22 per cent of VTL from Boston Trust.
But the deal, which was subject to shareholder approval, has been terminated "by mutual agreement".
Both US investors already hold 9.95 per cent of VTL each, and the proposal would have given them just under 42 per cent.
The company said Monday's announcement was separate to the sale of its US franchise assets for US$67.5 million ($87 million) to Bacon Whitney Corp, an American company owned by Halpern Denny Fund III LP.
