16th Nov 2021 17:39
Blue Prism Group PLC - Warrington-based robotic process automation firm - Says is currently evaluating a 1,200.00 pence preliminary approach from SS&C Technologies Holdings Inc - received on Wednesday - with its financial adviser, Qatalyst Partners Ltd. The SS&C offer is 6.7% higher than Vista Funds offer of 1,125.00p that was agreed in September.
Blue Prism is providing SS&C Technologies with due diligence but says there can be no certainty that any firm offer will be made by SS&C.
"Whilst the directors of Blue Prism continue to believe that the Vista offer is in the best interests of Blue Prism shareholders and are not withdrawing their recommendation of it at this stage, in light of the SS&C Proposal, the board consider it to be in Blue Prism shareholders' interests to adjourn the court meeting and general meeting in order to explore further the approach from SS&C. The court meeting and general meeting required to implement the Vista offer, which are due to be held on 19 November 2021, will therefore be adjourned, in each case to a date and time to be determined by the directors of Blue Prism," it says.
Current stock price: 1,220.00 pence, up 8.9% on Tuesday
Year-to-date change: down 31%
By Arvind Bhunjun; [email protected]
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