Azlan's shares shot up by 30 per cent to 72p on 24 June as the distributor issued a statement confirming it has received a number of approaches to buy its business. As exclusively revealed in PC Dealer last week, CHS Electronics is believed to be the favourite to purchase Azlan, with specialist computer services company Sherwood International also rumoured to have an interest. But the distributor stated it was too early to say if any bids would lead to a sale. As speculation heightened, on 22 June National Westminster Bank sold off more than 10 per cent of its interest in the company, but retained 9.9 per cent issued share capital of Azlan. The distributor's shares dropped slightly to 69.5p on 27 June.
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