Fayrewood ends talks with North Atlantic Value
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
Computer distribution group Fayrewood has ended discussions with North Atlantic Value on a possible takeover by the fund manager.
Fayrewood said in December that it was talking to North Atlantic about a possible takeover. "These discussions have been terminated," Fayrewood said today.
(Article continues below)Advertisement
"The board proposes to continue exploring methods of returning the maximum amount of capital to shareholders in the most tax efficient, timely and cost effective manner that is practical."
Fayrewood said trading at its only business Interface Solutions was continuing to improve. "While it is still very early in the year, the board expects the results for that business to be in line with their expectations," it added.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
