A takeover offer of £26.3m has been recommended to the shareholders of Staffordshire-based software business EG Solutions.
A statement released on the London Stock Exchange said that the directors of EG Solutions intend to recommend the offer from Surrey-headquartered Verint WS Holdings Ltd be approved.
EG chairman Nigel Payne said:
“I am pleased to recommend this offer to our shareholders.
“The offer price of 112.5 pence per share represents a premium of 85 per cent over the share price of the business just one year ago, a premium of 53 per cent over the last six month’s volume weighted average share price and is an attractive exit price when viewed against the fundamentals of the business.”
Nick Nonini, managing director, customer engagement solutions of the EMEA region for Verint, added:
“The acquisition will add more capabilities, personnel and reach to our workforce optimisation suite that spans the entire enterprise; from back-office departments that help shape the customer experience, to front-office contact centres.”
