Insight takes Action in £27m deal

Shareholders finally approve takeover terms

US reseller Insight Enterprises has finally taken over online IT reseller Action, two years after it first expressed an interest in the firm.

The £27m takeover, first suggested in August, has finally been agreed by shareholders, who were given three weeks to accept the 80p per share offer.

Action's managing director David Palk, who had said that the company would change its name to Insight if the sale went ahead, confirmed that the deal had gone through and last week travelled to the US to meet Insight's management team. "I will be able to say a lot more when I return from the States," he said last week.

Action did come close to clinching a multimillion-pound deal with Insight two years ago, but the US firm abandoned the deal at the last minute after its share price declined. The sale will make Action part of the largest mail-order reseller in the UK.