Nasdaq giant agrees purchase of software group
Global software group Verint has agreed a £26.3m takeover of Staffordshire-based eg Solutions.
The deal has been agreed between the two boards and is backed by irrevocable undertakings from shareholders which own 68% of the company.
eg reported revenues of £8.2m and adjusted EBITDA of £1.2min the 12 months to January 2017, and expects profits - as measured by adjusted EBITDA - to rise substantially this year to above £1.9m.
The offer price of 112.5p "is an attractive exit price when viewed against the fundamentals of the ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
