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LONDON - Bain Capital Private Equity (Europe), LLP, an advisor to funds managed by it or its affiliates, is contemplating a potential acquisition of Craneware plc, a move that has not yet progressed to formal discussions with Craneware’s Board. Following recent share price fluctuations and media conjecture, Bain Capital acknowledged the speculation and confirmed the preliminary nature of its considerations.
The private equity firm has not declared a definitive intention to proceed with an offer under Rule 2.7 of the City Code on Takeovers and Mergers. With the situation still uncertain, there is no guarantee that a concrete offer will be extended or any indication of the terms that might be proposed.
Under the rules of the Code, Bain Capital has until 5 p.m. on June 13, 2025, to either announce a firm intention to make an offer or state that it will not pursue the acquisition, at which point the announcement will fall under Rule 2.8 of the Code. Any extension to this deadline would require approval from the Takeover Panel in line with Rule 2.6(c) of the Code.
The investment community awaits further developments, as Bain Capital has committed to providing updates when appropriate. This potential acquisition is subject to various regulatory constraints and the strategic considerations of Bain Capital. The information disclosed is based on a press release statement issued by Bain Capital.
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