3rd Jun 2016 06:49
LONDON (Alliance News) - Constellation Software Inc on Friday said it was considering making a GBP44.2 million cash offer for recruitment software company Bond International Software PLC.
The offer would be at 105 pence per share, with 42.1 million Bond shares currently in issue. The stock last traded at 87.50p on Wednesday, giving it a market capitalisation of GBP36.9 million.
Canadian-listed software provider Constellation, its subsidiary Trapeze ITS Luxembourg SARL and its President and Chairman Mark Leonard together hold a 29.6% stake in Bond International.
Constellation said a further announcement will be made "as and when appropriate", and there can be no certainty that Bond will accept the offer.
Bond International had issued no statement on the possible offer early Friday.
By Hannah Boland; [email protected]; @Hannaheboland
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Related Shares:
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