By Dominic Maher, 2 June 2000 16:30
NEWS Compel has advised its shareholders not to accept the 275p a share offer from Computacenter, stating the resultant £85m is an undervaluation of the company. Computacenter, the UK's largest reseller, made the offer on 22 May but following the advice of Close Brothers Corporate Finance, Compel decided to meet and persuade them the company was worth more. Computacenter informed Close Brothers it would not increase its offer. Both Compel and Computacenter have refused to comment.
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