The leaders of an MBO bid for Computacenter have rejected reports they are considering raising their bid for the struggling reseller.
Sunday newspaper The Business reported yesterday that a group led by Computacenter’s founders Peter Ogden and Philip Hulme were preparing to raise their offer for the company to 270p to 275p per share, after their initial 255p bid was rejected by a committee of independent shareholders.
However, Reuters reports that a spokesman for the directors have denied they plan to raise their bid. The spokesmen said the two sides were still talking, but that “current business” makes it difficult to justify a bigger offer.
Computacenter has been forced to issue a string of profit warnings this year. Ogden and Hulme’s group also includes current senior executives from Computacenter.®