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    PRSM   GB00BYQ0HV16

BLUE PRISM GROUP PLC

(PRSM)
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UK software firm Blue Prism agrees to Vista's $1.63 bln final takeover offer

11/25/2021 | 02:16pm EST

Nov 25 (Reuters) - British robotics software company Blue Prism has agreed to a 1.22 billion pound ($1.63 billion) final takeover offer from U.S. private equity firm Vista Equity, the parties said on Thursday, topping a proposal from SS&C Technologies.

The increased 1,250 pence-per-share cash offer from Bali Bidco Ltd, a firm indirectly owned by Vista, comes amid objections from activist investor Coast Capital, which has supported U.S.-based SS&C's proposal.

Bali Bidco said it will fund the deal through existing cash resources.

Blue Prism directors have unanimously recommended shareholders to vote in favour of the Vista deal at meetings scheduled for Dec. 9.

SS&C last week made a 1.16 billion pound takeover approach to the British software firm.

Blue Prism, which counts automaker Daimler, eBay and Britain's National Health Service among its customers, initially agreed to be taken over by Vista in September for 1.09 billion pounds.

U.S.-based Coast Capital, which holds a stake of around 2.8% in Blue Prism, objected to Vista's proposal, saying the sale process was flawed. Blue Prism defended the deal, saying it was better than continuing as a standalone firm.

Shares of Blue Prism ended about 0.6% higher at 1,215 pence on Thursday, before Vista's revised offer was made after the market close. ($1 = 0.7506 pounds) (Reporting by Aby Jose Koilparambil in Bengaluru, Editing by William Maclean, Kirsten Donovan)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BLUE PRISM GROUP PLC 0.00% 1260 Delayed Quote.-0.24%
DAIMLER AG 0.75% 68.8 Delayed Quote.1.05%
EBAY INC. 0.20% 59.66 Delayed Quote.-10.29%
SS&C TECHNOLOGIES HOLDINGS, INC. -0.77% 78.91 Delayed Quote.-3.74%
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01/17HSBC Downgrades Blue Prism To Hold From Buy
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Analyst Recommendations on BLUE PRISM GROUP PLC
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Financials
Sales 2021 168 M 226 M 226 M
Net income 2021 -36,8 M -49,5 M -49,5 M
Net cash 2021 118 M 159 M 159 M
P/E ratio 2021 -31,6x
Yield 2021 -
Capitalization 1 224 M 1 647 M 1 647 M
EV / Sales 2021 6,59x
EV / Sales 2022 5,63x
Nbr of Employees 1 025
Free-Float 79,4%
Chart BLUE PRISM GROUP PLC
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 1 260,00 GBX
Average target price 1 255,00 GBX
Spread / Average Target -0,40%
EPS Revisions
Managers and Directors
Conrad Jason Kingdon Non-Independent Non-Executive Chairman & CEO
Ijoma Maluza Chief Financial Officer & Director
David Moss Chief Technology Officer
Christopher Michael Batterham Deputy Chairman
Kenneth Lever Independent Non-Executive Director
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