Styles & Wood management seek MBO

The management of fit-out contractor Styles & Wood, which includes construction collaboration technology business StoreData, is looking to take the company private via a private equity backed management buy-out (see 16 April Stock Exchange announcement). The 125p-a-share bid for Styles & Wood is on the low side, says an analyst with stockbroker Panmure Gordon in this week’s Contract Journal.

Related posts: StoreData stagnating in 2007 (28 February 2008)

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  1. […] Styles & Wood, UK retail fit-out specialist and parent of online construction collaboration provider Storedata, has issued a trading update, saying that “the Group’s Order Book has fallen behind its expectations”, indicating its targets for the half year ending 30 June 2008 will not be reached, with full year performance likely to be line with that achieved in 2007. In the circumstances, the company’s executive directors have dropped their management buy-out offer. […]

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