Apricot Computers Plc is reacting to the news that merchant bank Singer & Friedlander now holds 8.59% of its equity, and wants to build its holding to a consolidatable 20% or more with insouciance: It’s a straightforward investment and not hostile – we see as an endorsement of our new strategy, the company said; Singer & Friedlander already has 25% of Ferrari Holdings Plc and has not explained its strategy but the fact that there is a declared buyer in the market should bolster the Apricot share price, which nevertheless dipped a penny to 75 pence after the news on Tuesday.
