Datong to seek potential suitors
Intelligence solutions provider Datong has decided that it would be in the best interests of the company's shareholders to seek potential offers by means of a formal sale process.
Intelligence solutions provider Datong has decided that it would be in the best interests of the company's shareholders to seek potential offers by means of a formal sale process.
The company, which has its headquarters in Leeds and partners around the world, reported that it had been approached by a potential buyer.
Datong said that it would conduct a formal sale process through its adviser, Cavendish Corporate Finance.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company said that interested parties would be required to enter into a non-disclosure agreement with the company, on reasonable terms satisfactory to the board, before being permitted to participate in the process.
MF
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published