Betaville

FirstGroup activist rails against Blue Prism sale to private equity - sources

Often when an activist, such as Elliott Advisors, gets involved in a listed company in the US or Europe it agitates for a sale of the business to generate an immediate uplift in shareholder value.

But with the case of Blue Prism it's the other way round. That's to say people following the situation have told Betaville that Coast Capital, which hit the headlines in the UK recently for its campaign at bus and rail firm FirstGroup, is arguing that the software company SHOULDN'T sell out - at least not yet...