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Alfa Financial Software Holdings PLC on Friday confirmed that it has received a ‘number’ of takeover offers from EQT, a Swedish private equity firm.
The London-based software developer said the proposals are ‘unsolicited’ and ‘non-binding.’
It said the latest offer is at a level of 208 pence per share. This represents a 19% premium to its closing price of 174.50p on Thursday, being the last business day before the announcement.
Alfa’s shares closed down 0.5% at 173.69 pence each in London on Friday.
EQT are now required to either announce a firm intention to make an offer for Alfa, or say that it does not intend to make an offer, by July 7.
‘There can be no certainty that a firm offer will be made for Alfa,’ the company added.
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