Significantly ahead of market expectations - datamonitor

thebarrelboy - Reuters' strategy now is to off-load all 'non-core' investments and businesses.. I believe they still have a non-exec director on Datamonitor's board.


from yahoo on Oct 28 :

'Investec Securities, which handled the deal, said the 7.4 million shares were sold at 110 pence a share, bringing the value of the stake sale to more than eight million pounds ($13.5 million).

Investec (LSE: INVP.L - news) added the stake went to institutional shareholders. Datamonitor shares were 2.2 percent higher at 116-1/2 pence by 1403 GMT.'

The fact that the stake was snapped up by the institutions bodes well for Datamonitor IMO.