Advent offers $1.58bn cash for UNIT4 - Reuters

Private equity firm Advent International has made a cash offer of 1.17 billion euros ($1.58 billion) for UNIT4 NV, the Dutch business software, writes Reuters. The offer represents a 32.4 percent premium to UNIT4's closing price on October 11, just before it announced it had been approached by companies interested in buying it.

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