UK software company Ideagen has agreed to a £1.09bn all-cash takeover offer from London-based private equity firm Hg.
Ideagen shareholders are set to receive 350p per share, representing a premium of 52 per cent compared to the company’s closing share price of 230p on 11 April 2022.
Shares have jumped 46 per cent today on the back of the offer, a possible signal that investors are expecting a counter bid from French suitor Astorg. Ideagen remains in discussions with Astorg, but confirmed earlier today that it has received no firm offer.
Read more: City A.M.
