Blue Prism Agrees to Increased GBP1.22 Bln Takeover by Vista Funds

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by Joe Hope

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Blue Prism Group plc said late Thursday that it has agreed and recommended a final offer of 1.22 billion pounds ($1.63 billion) from Bali Bidco Ltd, a company indirectly owned by Vista Funds.

Under the deal, shareholders of the UK automation-software company would receive 1,250 pence in cash for every share owned by 1,125 pence when the company first agreed to be acquired by Vista on 28 September. The offer price is a 50% premium, Blue Prism had a closing share price of 832 pence on August 27, the day before the start of the offer period.

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Blue Prism is a subsidiary of SS&C Technologies Holdings Inc. Separately, on 10 November, an initial takeover approach was received, valuing the company at GBP1.16 billion.

The company then stated that it believed the prior Vista offering was in the best interest of shareholders and would not withdraw its recommendation, and the board has now unanimously recommended shareholders to vote in favor of the enhanced Vista offer. is of.

Write to Joe Hope at [email protected]

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