Blue Prism Group on Tuesday said it is in talks with TPG Capital and Vista Equity Partners over possible takeover offers.
Shares in Blue Prism jumped 40% to 1,160.36 pence in London on Tuesday afternoon, giving the company a market capitalisation of €1.12bn. The stock is still down 32% year-to-date.
Warrington-based Blue Prism makes software to automate back-office tasks. It went public on the AIM market in 2016.
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“There can be no certainty that any offer will be made, nor as to the terms of which any offer would be made. A further announcement will be made if and when appropriate,” the company said.
Each of TPG and Vista now have until September 28 to make a firm offer or walk away, under London takeover rules.
Source: Morningstar
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