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

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away