Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter.The private equity firm has tabled a new proposal of around 20 francs per share for the Swiss software manageme
Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs , Bloomberg News reported on Thursday, citing people with knowledge of the matter.
The private equity firm has tabled a new proposal of around 20 francs per share for the Swiss software management company, the report said.The reported new offer is at a premium of 43.6 per cent from SoftwareOne's last close on May 31, when Bain first presented an offer to the Swiss firm valuing it at $3.2 billion.
SoftwareOne's board last month turned down Bain's earlier offer although it received support from founding shareholders, Daniel von Stockar, B Curti Holding and Rene Gilli, who together hold 29.1 per cent of the company. SoftwareOne helps companies manage software purchases from vendors such as Microsoft, Adobe and IBM. It floated on the Swiss exchange in 2019.
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