29th Jul 2019 11:17
(Alliance News) - Spend management solutions provider Proactis Holdings PLC said on Monday it has received a takeover approach from an unnamed US investor, together with a number expressions of interest.
It said all the discussions were preliminary and unsolicited by Proactis.
Shares in Proactis were up 21% at 50.13 pence each in London on Monday, giving the company a market capitalisation of GBP50.7 million.
The company said it is confident that it can continue to function as an independent business but will, along with its financial advisers finnCap Ltd, review the expressions of interest.
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