SimCorp shares jump on reports private equity eyeing a deal

SIMCORP A/S

23/08/2022 16:34

** Shares in Danish financial software company SimCorp
 SIM.CO  jump over 22% after reports of private equity interest
    ** Market participants attributed the spike to a report by
M&A focused publication Dealreporter, saying a number of buyout
firms have approached advisers about a potential take-private
deal 
    ** SimCorp recorded highest daily percentage gain since
October 2008 
    ** Stock is still down 23.7% year-to-date, even after
today's move higher
    ** On Monday, shares touched their lowest level since
January 2019  

 (Reporting by Samuel Indyk and Joice Alves)
 ((Samuel.Indyk@thomsonreuters.com))