Brief: Softwareone Board Of Directors Rejects Revised Offer From Bain Capital

Bain Capital Specialty Finance

24/07/2023 06:05

July 24 (Reuters) - SOFTWAREONE HOLDING AG  SWON.S :
    * SOFTWAREONE BOARD OF DIRECTORS REJECTS REVISED OFFER FROM
BAIN
CAPITAL AND INITIATES STRATEGIC REVIEW
    * BOARD UNANIMOUSLY AGREED THAT SECOND INDICATIVE OFFER DOES
NOT
ADEQUATELY VALUE COMPANY AND IS NOT IN BEST INTEREST OF
SOFTWAREONE AND MAJORITY OF ITS SHAREHOLDERS.
    * BOARD BELIEVES THAT A STRATEGIC REVIEW OF ALL POTENTIAL
OPTIONS
THAT DRIVE VALUE IS IN BEST INTEREST OF COMPANY AND ALL
SHAREHOLDERS.
    * BOARD IS OPEN TO PROACTIVELY DISCUSS OPTIONS THAT
SUBSTANTIALLY
REFLECT FUNDAMENTAL VALUE OF COMPANY, INCLUDING WITH BAIN
CAPITAL. AT SAME TIME, BOARD WILL ACTIVELY LOOK AT OTHER OPTIONS
FOR VALUE CREATION.

Source text for Eikon:  ID:nEQ970KWta 
Further company coverage:  SWON.S 

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