Original URL: http://www.channelregister.co.uk/2007/11/30/fayrewood_talks/
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. ®
Fayrewood ends takeover talks (8 May 2008)
http://www.channelregister.co.uk/2008/05/08/fayrewood_ends_takeover_talks/
Fayrewood gains pounds from new skinny look (27 March 2008)
http://www.channelregister.co.uk/2008/03/27/fayrewood_prelims/
Fayrewood waves au revoir to French periperals unit (21 December 2007)
http://www.channelregister.co.uk/2007/12/21/fayrewood_banque_magnetique_dcc/
Fayrewood in talks with North Atlantic Value LLP (18 December 2007)
http://www.channelregister.co.uk/2007/12/18/fayrewood_north_atlantic_bid/
Fayrewood sells shares in ComputerLinks (26 March 2007)
http://www.channelregister.co.uk/2007/03/26/fayrewood_computer_links/
Fayrewood shuffles board (3 January 2007)
http://www.channelregister.co.uk/2007/01/03/fayrewood_sau_sale/
Fayrewood flogs UMD (17 October 2006)
http://www.channelregister.co.uk/2006/10/17/distie_sells_divi/
Fayrewood buffeted in first half (24 August 2006)
http://www.channelregister.co.uk/2006/08/24/fayrewood_results/
Fayrewood AGM: warning on profits (15 May 2006)
http://www.channelregister.co.uk/2006/05/15/fayrewood_margins_pressure/
Fayrewood bid talks terminated (22 November 2005)
http://www.channelregister.co.uk/2005/11/22/fayrewood_bid_talks_terminated/
Fayrewood still mulling bid proposal (19 October 2005)
http://www.channelregister.co.uk/2005/10/19/fayrewood_trading_update/
Profits jump at Fayrewood (14 March 2005)
http://www.channelregister.co.uk/2005/03/14/fayrewood_results_fy2004/
Fayrewood upbeat on trading (5 November 2002)
http://www.theregister.co.uk/2002/11/05/fayrewood_upbeat_on_trading/
UK tips Fayrewood into loss (1 July 2002)
http://www.theregister.co.uk/2002/07/01/uk_tips_fayrewood_into_loss/
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