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SoftwareOne plans stock-financed bid to acquire Crayon Group

Published 12/12/2024, 17:40
© Reuters.
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SoftwareOne Holding AG is on the verge of acquiring Crayon Group Holding ASA, with a potential announcement expected as soon as this month. Bloomberg sources close to the matter reveal that SoftwareOne is finalizing its proposal to take the Norwegian company private.

The acquisition is anticipated to be financed mainly or entirely through stock, as per the information reported. Following the news, SoftwareOne's share price experienced a nearly 12% decline, trading at 6.39 Swiss francs, which pegs the firm's valuation at approximately 1 billion Swiss francs.

Conversely, Crayon Group's stock price saw an 8.5% increase to 137.7 Norwegian crowns, leading to a market capitalization near 12.16 billion crowns.

SoftwareOne, amidst discussions about its own sale, has not issued any statements regarding the potential deal. Similarly, Crayon Group has not provided a response to requests for comment on the matter.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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