The Channel logo

News

By | Kelly Fiveash 30th November 2007 17:14

Fayrewood in bid talks

Shares jump

IT distie Fayrewood PLC revealed today that it has been in secret talks with a third party company which could lead to an offer to buy all or part of the firm.

The announcement follows a close to 14 per cent jump in Fayrewood shares today on the London Stock Exchange (LSE).

The firm said in a brief statement "a further announcement will be made in due course as appropriate".

In the past year Fayrewood has been selling firms as part of a planned disposal programme.

It recently accepted a €12.5m (£9.02m) cash offer for the sale of its French subsidiary Banque Magnetique from Gem Logistics.

Prior to that it had disposed of its remaining stake in Computerlinks following the sale of Spanish firm UMD in December 2006.

Fayrewood shares closed at 127.5 pence on the LSE. ®

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers