Datatec adds up cash return

Westcon sale proceeds to be handed to shareholders
Thursday 12 Oct 2017 Author: Steven Frazer

Investors could be in for a huge cash windfall from IT solutions business Datatec (DTC:AIM).

The company is expected to confirm a $500m value return when it reports half year results on 13 November.

That could be worth 180p per share if it was all handed out in cash, although a share buyback plan is expected to also be part of the capital return. The shares trade at 325p.

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