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Article: Daisy raids Redstone.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- August 19, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Malar Velaigam
IN BRIEF: Daisy scales up with another acquisition
Peter Dubens latest telecoms venture, Daisy, has acquired Redstone's telecoms business for GBP17m in its third acquisition since the group joined the Alternative Investment Market (Aim) via a reverse takeover of Freedom4 in July.
Under the deal, which will be satisfied in cash, Daisy will acquire Redstone's fixed line business and its subsidiary Symphony Holdings, which comprises a mobile service provider and distribution business. Mr Dubens, who founded Pipex and is now chairman of Daisy, says that the deal is another step in Daisy's plan to become one of the largest ...