18th Apr 2016 13:12
LONDON (Alliance News) - Electronic Data Processing PLC said it has decided to conduct a strategic review considering options including a sale of the company.
Whilst the board believes it has a secure future as an independent business, Electronic Data Processing said, it has taken this decision in order to "unlock value for shareholders whilst safeguarding the interest of all stakeholders."
Electronic Data Processing, which makes software for merchants, wholesalers and distributors, has appointed BDO LLP as its financial adviser for the purposes of the strategic review.
Under UK takeover code the company is now under an offer period.
Shares in Electronic Data Processing are down 1.5% at 65.50 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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