SoftwareOne Holding AG has launched a strategic review of its business after rejecting an improved takeover offer from private equity firm Bain Capital.
This Swiss IT services provider said in a statement on Monday that it will explore all options to create value for its investors, including by continuing to operate as a public company, or via a sale or merger.
Shares in SoftwareOne were broadly flat in early trading in Zurich, giving the company a market value of about 3 billion Swiss francs ($3.5 billion). The stock has risen more than 40% this year amid takeover interest.
Bloomberg …
