The Channel logo


By | John Oates 8th May 2008 15:20

Fayrewood ends takeover talks

Time for a plan B

Fayrewood has ended takeover talks with North Atlantic Value LLP which could have led to the company being bought.

Distributor Fayrewood, which trades as Interface Solutions, had been in talks since November 2007. It is not the first time the company has been rebuffed by a suitor - previous takeover talks in 2005 were also mysteriously ended.

The company has assets of £36.9m, of which £32.2m are in cash. Barclays Bank holds €6m of this to cover guarantees relating to UMD SA, which was sold to Esprinet SpA.

The board is now looking at other ways of returning cash to shareholders. Trading at Interface Solutions is in line with expectations. ®

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe