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


shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers
Kids on wall. Pic: US Army/Capt Emily Skolozynski


Better to play nicely than try to muscle in on territory


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.