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PSAN PSI Software SE News Story

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PSI on track for best day ever after Warburg Pincus takeover offer

** Shares in PSI Software PSAGn.DE jump 34% and are on track for their biggest one-day rise ever after private equity firm Warburg Pincus said it planned to buy the German software firm for more than 700 million euros ($812 million)

** Reuters first reported on a nearing takeover of PSI on Thursday, sending its shares 22% higher; the stock rose further 11% on Friday

   ** Warburg Pincus' deal will value PSI at 45 euros a share, a premium of about 50% from the software company's closing price on Thursday

** Stock is at its highest price since January 2022

($1 = 0.8616 euros)

(Reporting by Paolo Laudani)

((Paolo.laudani@thomsonreuters.com))

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