Datong puts itself up for sale

The company said following a bid approach, it is “in the best interests of the company’s shareholders to seek potential offerors by means of a formal sale process”.

The Leeds-based company, which makes covert tracking gear for security services, said Cavendish Corporate Finance is running the sale.

“The board reserves the right to reject any approach or terminate discussions with any interested party or participant at any time,” it said.

“This formal sale process is at an early stage and the board wishes to stress that there can be no certainty that any transaction will be concluded.”

Datong has been buffeted by factors including spending logjams among governments, litigation and fluctuating earnings.