Software group Blue Prism agreed to a 1.24 billion pounds ($1.65 billion) takeover offer from SS&C Technologies on Wednesday, withdrawing its backing for a bid from rival suitor Vista.
U.S.-based fintech company SS&C’s all-cash offer of 1,275 pence per Blue Prism share is higher than its earlier possible bid of 1,200 pence, and is above private equity firm Vista’s final offer of 1,250 pence.
Blue Prism shareholder Coast Capital, which owns around 2.8% of the software company, last week had objected to Vista’s revised offer saying it undervalues the firm and had instead backed the possible offer from SS&C made in mid-November.
Read more/Source: Reuters
