30th Nov 2015 16:14
LONDON (Alliance News) - Capita PLC said its offer for Xchanging PLC has been extended for a second time to December 16, having secured acceptances of around 24% as of Monday.
Xchanging agreed a GBP412 million takeover by Capita in October at a price of 160 pence per share.
However, earlier this month Xchanging received an approach Computer Sciences Corp for an indicative proposal of 170 pence per share, and subsequently an approach from Ebix Inc for an indicative proposal at a price of 175 pence per share.
Shares in Xchanging were up 1.1% at 182.00 pence Monday afternoon, whilst shares in Capita were up 0.5% at 1,273.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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