Following its second bite at the cherry on Thursday (CI No 904), Gandalf Technologies Inc, Ottawa is now the biggest single shareholder in Case Group Plc with 9.53%, followed by principals and directors with a little under 10%. The other declared shareholders are Foreign & Colonial and Provident Multual, each with 5%. Gandalf has refused to confirm whether it will attempt a takeover for the significantly larger Case: case is currently valued at UKP51m, Gandalf at UKP39m. Case remains hostile to Gandalf’s manoevering and has described the latest move as unwelcome. Both companies sell a range of modems, multiplexors and data switches. Case still relies heavily on its decade-old DCX multiplexor technology to bring in revenue and acquired its own front-end data switch when it bought US company Rixon in 1985. A return to profits after two years of losses is seen for the year to last month.