Blue Prism shareholder Coast Capital said it will not support private equity firm Vista Equity’s final takeover offer of 1.22 billion pounds (A2.28 billion) for the British software firm on grounds it undervalues the company.

US-based Coast, which owns around 2.8 percent of Blue Prism, had also objected to Vista’s initial 1.09 billion pounds proposal made in September.

Coast had instead backed a rival 1.16 billion pound possible offer last week from SS&C Technologies.

Read more/Source: It News