Bidding War: Hyland Ups Bid for Sweden's Readsoft Vs. Lexmark

  • ces_web_banner_toner_news_902x1776
  • 2toner1-2
  • ncc-banner-902-x-177-june-2017
  • 4toner4
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • banner-01-26-17b
  • Print
Share

Bidding War: Hyland Ups Bid for Sweden's Readsoft Vs. Lexmark

 user admin 2014-07-08 at 11:22:58 am Views: 260
  • #3304

    Bidding War: Hyland Ups Bid for Sweden's Readsoft Vs. Lexmark
    STOCKHOLM: Business software firm Hyland said that it had raised its bid for Sweden's Readsoft, topping a bid from US printer maker Lexmark.

    Hyland Software was offering 45 crowns in cash per share in Readsoft, 5% above the 43 crowns offered by Lexmark on June 19, the privately held firm said, valuing Readsoft at 1.38 billion Swedish crowns ($201.36 million).

    US-based Hyland added that it now controlled 10.9% of Readsoft shares.
    http://fixingtheeconomists.files.wordpress.com/2014/03/bidding.jpg

    Hyland had previously bid 42.86 crowns per share for the Swedish firm, subsequently topped by Lexmark with a bid unanimously recommended by the Readsoft board.

    Shares in Readsoft rose 4.6% to 46 crowns by 0800 GMT, indicating market expectations of a continued takeover battle for Readsoft, which supplies business software for invoicing and processing sales orders.
    http://payablesplace.ardentpartners.com/wp-content/uploads/2014/07/ReadSoftWar.jpg