The LBO offer sent the stock soaring 38% in morning trading, but shareholders could possibly get more as the bid does not yet have management on board. Computerlinks CEO and founder Stephan Link said the company would "carefully study" the offer in a conference call.
The Computerlinks offer follows on the heels of Quadrangle Group LLC's take-private of Internet surveying firm Greenfield Online Inc. for $426 million in cash. At $15.50 per share, the roughly 17% premium over Friday's close price still leaves shareholders that bought stock around the 52-week high of $18.49 in June 2007 in the red. Likewise, the offer of €15.50 ($24.02) per share for Computerlinks falls below the 52-week high of €16.40 reached last July. - George White
See Computerlinks press release
See Dealscape post on Greenfield
