Azlan preps bid for QA?
QA shares advance
Posted in Channel, 4th January 2002 09:28 GMT
Update QA today issued a statement through the Regulatory News Service, denying that it was in talks to sell the company.
Shares in QA, the UK's biggest IT training company, advanced 5.5p to 51.5p this morning on a Daily Mail report saying that it could be in merger talks with Azlan. So much for the share price - trading volumes as of 9.15am GMT were zero, suggesting something less than excitement among share traders.
According to AFX, the financial newswire, the "rumours suggest the deal could be worth some 200 million stg or more".
The only way that calculation works is by adding the market caps of the two firms: QA's market cap is currently just over £40m, while Azlan is just shy of £150m.
Azlan is probably Europe's biggest supplier of manufacturer-certified technical training courses, so QA would be a nice string to its bow.
QA also has a systems integration consultancy called Pontis which could help Azlan lessen reliance on networking equipment distribution. ®
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