The Channel logo


By | Team Register 12th December 2005 13:56

Computacenter MBO team says no new bid

No early Xmas pressies here

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.®

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe