Feeds

Euro listing to save ilion

Troubled distie looks to France or Germany to ward off hostile bids

  • alert
  • submit to reddit

The essential guide to IT transformation

ilion is considering floating its French subsidiary to boost the value of the company. The distributor is looking at ways to prevent further rival bids which have, in its opinion, until now undervalued the company. Floating the French business on the German or French stock markets would secure a more reasonable price for the company, said one ilion representative. "The company is being valued on the poor performance of the UK business," he said. "The French or German markets would value ilion on its European business, giving it a higher value." Nothing had been decided at the ilion camp, but the representative said the float would be "the logical thing to do." ilion remains vulnerable to competitors like Landis, which offered 114 pence per share to buy the company earlier this month. The ilion board rejected the offer as "totally unacceptable", saying the price per share undervalued the company. The ilion UK business has been fraught with problems this year – financial irregularities totalling £500,000 were discovered in May. A month later it lost its Cisco franchise while admitting sales in the UK were down on the previous year for the first six months of trading. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.