Major Colt Group investor bids to take sickly biz private again Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months …
"The board at Colt mulled the offer with investment banker Barclays and reckons it “undervalues” the business."
Clearly they are not a customer of Colt's. A complete shambles , right from pre-sales through installation to support.
We're migrating a huge amount of business away from them, as piss up's and breweries spring to mind.
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