Itel was spurned by Great Lakes International.

The San Francisco-based company said that its repeated efforts to enter negotiations relating to the acquisition of Great Lakes by Itel have been rebuffed by Great Lakes, including the refusal of Great Lakes to schedule a meeting with representatives of Itel at which Itel was prepared to make an all cash offer to acquire a 100% interest in Great Lakes. Itel said it won’t proceed with its offer to acquire Great Lakes at this time.