Mike Whitaker of merchant bank Singer & Friedlander, head of the board of directors at Ferrari Plc, says that he was approached by stockbroker Keith Bayley Rogers which asked if Ferrari would be interested in selling its 30% stake in Telecomputing Plc as reported in the Sunday Telegraph: however, Whitaker says that the offer was far too low and Ferrari wouldn’t sell for less than the 87 pence per share it paid for the stake last November (CI No 1,304); the stake does not have a for sale sign, but Ferrari is always open to an attractive offer, as are all publicly quoted companies; Whitaker did not know whether the founder of Telecomputing, Bernard Panton, who has a 7% stake, was part of the consortium which made the offer.
