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| Pipex seeks advice from UBS on sale of the firm |
| Written by Business Weekly | |
| Monday, 12 March 2007 | |
|
In response to press speculation, Welwyn Garden City-based ISP provider Pipex has confirmed that it is investigating the option of selling the company and has appointed investment bank UBS to advise it.
According to the Sunday Express, the firm is looking for an offer of between 16p and 22p per share, which would provide a premium on its current price of 13.5p. Pipex has been linked with BSkyB and Orange in the recent past as potential takeover targets, and with BT, which has designs on Pipex's WiMAX licence. “This process is at a very early stage and there can be no certainty that a transaction will result,” the firm said in a statement. |
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