Feeds

Ilion accepts Landis cash offer

Well that wasn't so hostile, was it?

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

ilion's board has approved a £40.2 million cash bid from Landis, just one day after its rival said it was considering going hostile. ilion's directors can be satisfied with their efforts to extract more money from Landis. Last week the networking equipment distie said it had terminated talks with unnamed parties (but known to include Landis), because their offers did not reflect the "true" value of the company. In July, ilion rebuffed a 140p per share offer from Landis (today's bid is worth 160p per share). The Landis bid also represents a 70 per cent premium on ilion's share price on 14 April, the day before ilion announced it was in preliminary talks with prospective buyers. Shareholders owning 46.1 per cent of the issued share capital have committed to accepting the Landis offer. The Landis/ilion combine represents a major consolidation of the European networking equipment distribution scene. Assume redundancies. ® Related story Landis prepares to go hostile on ilion

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.