Feeds

Landis gets ilion at last

Official announcement made today

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

ilion Group today accepted the take-over bid from fellow networking distributor Landis Holdings (UK). In an announcement to the stock exchange, Landis said its cash offer of £40.2 million, or 160 pence per share, for ilion had been declared unconditional in all respects. By 3pm yesterday, the closing date for the offer, Landis owned 83.6 per cent of the existing share capital of ilion. And Landis said it had acquired a further 9.2 per cent of the company since the buy-out offer was posted on 23 September, that had yet to be re-registered as Landis stock. Landis still intends for ilion to apply to the London Stock Exchange for its shares to be de-listed and to re-register it as a private company. This cancellation from the listing is expected to take effect on 12 November. The acceptance comes after Landis was forced to up its bid for the rival when its 114 pence per share offer in July was rejected as "totally unacceptable" by ilion. ilion later agreed to the revised offer of 160 pence on 15 September -- which represented a 70 per cent premium on ilion's share price on 14 April, the date ilion announced it was in talks with prospective buyers. ®

Internet Security Threat Report 2014

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.