Computerlinks' Board supports Barclays takeover

Statement from distributor urges shareholders to consider the offer to help future growth plans

The management board and supervisory board of Computerlinks is urging its shareholders to accept the takeover offer from Barclays Private Equity.

Shareholders have until 8 August to make their decision, but a press release from the distributor revealed the board felt the offer of Euro 15.50 a share was fair, and that the takeover would have no impact on existing growth plans, or change employment conditions.

Stephan Link, founder and chief executive of Computerlinks, said in a statement: “Barclays Private Equity is the right partner to push ahead with our dynamic international growth. After having examined various strategic options, aside from the financial fairness of the offer, we are convinced by the fact that Barclays Private Equity is counting on every single employee in pursuing our course of growth.”

The release also revealed that Computerlinks’ board and supervisory board will be accepting the offer with regard to their own shares and are “looking forward to the future cooperation with Barclays”.