Digital security firm Kape gets $1.5 bln buyout offer from top shareholder (updated)
13/02/2023 07:41
(Adds details)
Feb 13 (Reuters) - Teddy Sagi, the largest shareholder
of Britain's Kape KAPE.L , said on Monday he would make a cash
offer to buy the digital security and privacy software business
for about $1.51 billion.
Sagi, the founder of gambling software firm Playtech
PTEC.L , owns 54.8% of Kape's stock and intends to buy the
London-listed group's remaining shares at 285 pence apiece.
The offer price is 9.7% higher than Kape's last closing
price of 260 pence per share on Feb. 10.
In a separate statement, Kape urged its shareholders to not
take any action on the offer.
(Reporting by Muhammed Husain in Bengaluru; Editing by
Subhranshu Sahu)
((Muhammed.Husain@thomsonreuters.com;))