The Channel logo

News

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

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that