The new bid values ReadSoft at $224M exc. net cash. Lexmark says it still has the support of ReadSoft's founders, who own 23% of the company and 43% of its voting rights, and that it has taken a 5.3% stake on its own. Hyland has disclosed taking a 10.9% stake.
A new tender offer period runs through Aug. 28. ReadSoft shares have soared to SEK50.75 in Stockholm, as investors bet the bidding war for the document management software company continues.