The UK's largest reseller Computacenter has distanced itself from reports that it is poised to purchase maintenance and services company Synstar.
According to a report in a national newspaper, Computacenter was poised to register a £250 million bid for Synstar, after it had rejected a proposed merger with arch rival Compel.
But a spokesman for Computacenter dismissed the report as pure speculation. It was understood that none of the parties involved had even talked to each other about mergers.
The speculation has caused Computacenter's stock price to rise, causing it to reach 629p in late trading today, nearly back to the 670p level that it floated at in 1998.
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