Deals
SoftwareOne Shareholders Want Board Fired Over Bain Rebuff
- Founding shareholders say going private is best way forward
- Bain made a takeover offer for the company last year
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SoftwareOne Holding AG’s founding shareholders called for the company’s board to be replaced after it rejected a 3 billion-franc ($3.5 billion) takeover offer from Bain Capital.
Daniel von Stockar, B. Curti Holding AG and René Gilli, which together own 29% of SoftwareOne, disagree with the decision to rebuff Bain, according to a statement Monday. They said the non-binding offer should have been presented to shareholders.