Good afternoon!
I'm running a bit late today, so this is just a placeholder to say that there will be a report, just a bit later. So please refresh this page in say an hour's time, for more details.
Bond International Software (LON:BDI)
Increased cash offer - good news for shareholders of this software company. Constellation has upped its cash offer from 105p to 115.5p.
The Directors, and a large shareholder that was holding out for more (AXA) have agreed the bid now. It looks like it will probably go tthrough, but it could be a close run thing, as acceptances are currently only around 45%.
Looking at the chart, the takeover premium is very modest indeed, so it's certainly not a generous offer. If I liked the company and held shares, I'd probably reject the offer as being too low.
See what our investor community has to say
Enjoying the free article? Unlock access to all subscriber comments and dive deeper into discussions from our experienced community of private investors. Don't miss out on valuable insights. Start your free trial today!
Start your free trialWe require a payment card to verify your account, but you can cancel anytime with a single click and won’t be charged.