American software investor swoops on Gresham Technologies with £150 million takeover bid
Tuesday, 9 April 2024, 7:50 am
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:..
Tags: Gresham Technolgies, STG Partners