ZURICH : Bain Capital Private Equity has made an offer for SoftwareOne which values the Swiss software management company at 2.9 billion Swiss francs ($3.21 billion), Bain said on Thursday.In its response, SoftwareOne board, said the offer 'materially undervalues' the company and was not in its best inter
ZURICH : Bain Capital Private Equity has made an offer for SoftwareOne which values the Swiss software management company at 2.9 billion Swiss francs , Bain said on Thursday.
Bain has made an all cash offer of 18.50 Swiss francs per share to take the company private, it said. The offer represented a 33 per cent premium to the closing price on May 31, when it was presented to SoftwareOne's directors. "The proposal is subject to the satisfactory outcome of a customary due diligence, which the Board of Directors of SoftwareOne has been asked to facilitate, as well as other customary conditions," Bain said.
Bain said its proposal was supported by founding shareholders Daniel von Stockar, B Curti Holding and Rene Gilli, who together hold 29.1 per cent of the company.
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