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  4. Takeover bid for Harvey Nash won’t affect growth plans, says Ellis

Takeover bid for Harvey Nash won’t affect growth plans, says Ellis

Graham Simons 7 August 2018

Harvey Nash shareholder DBAY Advisors’ bid to take the global technology and outsourcing group into private ownership will not affect the business’s growth plans, according to CEO Albert Ellis.

Ellis spoke to Recruiter this morning following the group’s statement this morning that the company had received a cash offer made by funds controlled by shareholder DBAY Advisors. The offer of 130p a share values the agency at £98.7m. The group’s independent directors and board are recommending the offer, which must have the approval of 75% of shareholders for...

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