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American software investor swoops on Gresham Technologies with £150 million takeover bid

STG Partners, an American private equity firm that specialises in buying software businesses, has agreed a deal to buy London-listed Gresham Technologies for 146.7 million.

The offer for Gresham Technologies - which specialises in selling software and cloud services to financial firms - is 163p a share in cash. That is a premium of 26.94pc to yesterday's closing share price. Below is a link to the full details of the deal:..