Bain Capital Increases SoftwareOne Takeover Offer to $3.7 Billion
- Buyout firm now offering 19.50 francs to 20.50 francs a share
- SoftwareOne board unanimously rejected previous offer in June
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Bain Capital has increased its offer for SoftwareOne Holding AG to as much as 3.3 billion Swiss francs ($3.8 billion), after an earlier bid was rejected by the IT services provider’s board.
The private equity firm has tabled a new indicative proposal in a range of 19.50 francs to 20.50 francs, SoftwareOne said in a statement on Thursday confirming an earlier Bloomberg News report.