Fayrewood announced in November
that it was in discussions which may or may not lead to an offer for the entire
company
(CRN,
30 November). Following the recent disposal of overseas arms, UK IBM and
Lenovo distributor Interface is Fayrewood’s sole trading business.
Fayrewood said in a statement that it would “continue exploring methods of
returning the maximum amount of capital to shareholders in the most tax
efficient, timely and cost effective manner that is practical”.
It added: “Trading at Interface Solutions, continues to improve under the
direction of Keith Negal who was appointed Managing Director in January 2007 and
whilst it is still very early in the year, the Board expects the results for
that business to be in line with their expectations.”
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Overseas concerns jettisoned as holding company concentrates on UK distributor 19 Nov 2007
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