Tuesday 02 March 1999
MORSE, the reseller of computer servers, will price its shares at between 250p and 300p when it comes to the stock market later this month, valuing the company at between pounds 306m and pounds 367m.
Morse is planning to sell 88.8 million shares, 24 million of which will raise new capital for the company, to be spent on expanding its international operations. The group yesterday confirmed it had bought a 34 per cent shareholding in Partner System, a French reseller, for Ffr 25m.
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