The Jersey-based Guiton Group, parent company of technology reseller ITEX, is to be sold to Nurton Holdings, a wholly owned subsidiary of the family-owned publishing company Claverley.
Last month the independent directors of the group and the board of Claverly announced the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Guiton. On 26 November the deal was passed unconditionally.
Guiton is primarily a publishing group but with a profitable technology division. The deal valued the Guiton Group at £75.9 million.
28-Nov-2003
