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March 22, 1988

GANDALF HAS 5.39% STAKE IN CASE GROUP

By CBR Staff Writer

Despite the company’s avowed intention to remain independent, analysts have whiled away many an innocent hour speculating on possible bidders for Case Group Plc, Watford, and the news that Gandalf Technologies Ltd, Ottawa, Canada, has built up a 5.39% stake in the company is certain to spur further heated gossip about bid battles: the firms are of comparable size, so some kind of accomodation between the two might be interesting; Case says it wasn’t told of the move and that it is not welcome.

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