Deal agreed by Seven for Datong

DATONG, the Yorkshire-based covert intelligence gathering specialist, is to be bought for almost £7m by Seven.

Leeds-based Datong put itself up for sale in February after an approach was made for the business.

Seven has offered 50p per Datong share, a 5p mark up on yesterday's closing price and an 11p increase on the closing price when the initial approach was made, and is paying £6.92m for the company.

The deal for Stock Market-quoted Datong will be funded by YFM and Seven's own cash resources.

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