By Maitane Sardon
Private equity firm TA Associates will acquire FD Technologies in a deal that values the London-listed software company at about 570 million pounds ($757.6 million).
The acquisition has been agreed by both companies' boards and must get the support of a majority of shareholders as well as be approved by a U.K. court, the companies said.
FD Technologies shareholders are being offered 24.50 pounds in cash for each share they own, valuing the company at about 570 billion pounds.
The cash offer represents a premium of approximately 47.8% to the closing Price of 16.58 pounds per share on 21 March, its last trading day before the possible offer date.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
May 08, 2025 03:38 ET (07:38 GMT)
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