Bond International shares shine as Constellation mulls bid

Shares in Bond International Software jumped 15% after Canadian software outfit Constellation said it was thinking about making a cash offer for the company at 105p a share.

Constellation already holds 29.6% of Bond shares and the offer values Bond at around £44m.

Constellation is a Toronto Stock Exchange-listed company that acquires, manages and builds vertical market software businesses that provide mission-critical software solutions.

Bond issued a statement saying it would consider the offer and recommended shareholders “take no action at present and await a further announcement from the company”.

Constellation has until July 1 to decided on whether or not to make an offer.

Bond shares were up 13.5p to 101p at 1453 BST.