Constellation Software eyes potential bid for Bond International
Toronto-listed Constellation Software is considering making a cash offer for the shares of Bond International Software that it does not already own, at 105p cash each.
Bond International Software
124.00p
14:39 07/12/16
0.00%
0.00p
FTSE AIM All-Share
745.62
17:04 20/09/24
n/a
n/a
Software & Computer Services
2,475.08
16:49 20/09/24
-1.59%
-40.11
It reserved the right to make an equivalent reduction to its offer price if Bond announced, declared or paid any dividend or other distribution to shareholders from today on.
The Constellation concert party was Bond's largest investor with a total of 12.48m shares, or about 29.6% of those on issue.
The concert party comprised Constellation subsidiary Trapeze ITS Luxembourg SARL and Mark Leonard, president and chairman of the Constellation board.