Feeds

Sugar buys the company formerly known as Viglen

Amshold acquires Learning Technology

  • alert
  • submit to reddit
ComputerWire: IT Industry Intelligence

Sir Alan Sugar, chairman of Learning Technology Plc, a network integrator and PC retailer to the UK education market, has decided to bring the company back under his control for a bargain-basement price after seeing its share price plummet to record lows in July.

Expressing disgust at the meltdown in technology stocks, the British-based business man and former owner of a London football team offered on July 2, to buy back any outstanding shares not already owned by him for 40p ($0.62) per share, via his holding company, Amshold Ltd.

At its height in 2000, the company's shares were trading at 366 pence ($5.74). In April 2001 it decided to move out of the low-margin PC retail market to concentrate on the education market. However, at the start of 2002, the share price was down to 67 pence ($1,05), and by July 2 its shares had fallen to a low of 28.5 pence ($0.44), the last dealing day prior to the announcement by Learning Technology board of Amhold's intention to make the offer.

Amshold Limited is an investment holding company based in Jersey, UK, and will acquire those issued shares of Learning Technology not already owned by Sugar for approximately 35.6m pounds ($55.8m).

© ComputerWire

Whitepapers

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.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?