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.

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.

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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