Deals
Blue Prism Gets Rival $1.6 Billion Takeover Bid From SS&C
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Blue Prism Group Plc is reviewing a potential bid from SS&C Technologies Holdings Inc. that would value the U.K. software company at 1.2 billion pounds ($1.6 billion), according to a statement Tuesday.
The rival bid comes after Blue Prism’s board recommended Vista Equity Partners’s proposed 1.1 billion-pound takeover in September. Vista’s offer of 1,125 pence per share has faced strong opposition from activist Coast Capital, which said it “vastly undervalues” the company.