The Channel logo

News

By | Kelly Fiveash 18th December 2007 11:00

Fayrewood in talks with North Atlantic Value LLP

Possible bid to follow?

IT distie Fayrewood Plc has confirmed that it is in talks with potential bidder North Atlantic Value LLP.

Late last month, Fayrewood said it had been approached by a third party company that could lead to a possible buy-out, but the AIM-listed firm kept details of the mystery suitor secret.

It said in a statement yesterday that any potential offer did not represent a "firm intention" of a takeover.

Investment firm North Atlantic Value LLP holds more than £774.2m funds, according to its website. Buoying up speculation that a sale could be imminent, the firm yesterday also increased its stake in Fayrewood to 24.71 per cent.

Fayrewood is currently trading at 125 pence per share on the London Stock Exchange, down two per cent on the previous close. ®

alert Send corrections

Opinion

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
Fraud image