Seeking Alpha

Lexmark ups offer price for ReadSoft following rival bid

  • Lexmark (LXK) is now offering SEK43.00/share for Swedish document management software firm ReadSoft (RDSFF), a 7.4% increase from its original offer. The revised tender offer price values ReadSoft at $194M net of cash.
  • Lexmark's move comes after private Hyland Software made a SEK42.86/share bid for ReadSoft. Lexmark says ReadSoft's board continues to back its bid, and that it also has the support of ReadSoft's two biggest shareholders.
  • With ReadSoft shares having closed at SEK45.00 today in Stockholm (up 12.8%), investors are betting on a bidding war.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: