31st Aug 2021 15:56
(Alliance News) - Blue Prism Group PLC on Tuesday said it is in talks with TPG Capital and Vista Equity Partners over possible takeover offers.
Shares in Blue Prism jumped 40% to 1,160.36 pence in London on Tuesday afternoon, giving the company a market capitalisation of GBP1.12 billion. The stock is still down 32% year-to-date.
Warrington-based Blue Prism makes software to automate back-office tasks. It went public on the AIM market in 2016.
"There can be no certainty that any offer will be made, nor as to the terms of which any offer would be made. A further announcement will be made if and when appropriate," the company said.
Each of TPG and Vista now have until September 28 to make a firm offer or walk away, under London takeover rules.
By Ivan Edwards; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
PRSM.L