London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think news is coming tomorrow too. If not, Qatalyst has done NOTHING to "bring top dollar" to this process. Where's the third bidder? Where's the bidding war?
This has got to be like the movie that seems like it's over with a terrible ending, and then all of a sudden the hero saves the day with the happy ending.
Not sure how much freedom Qatalyst Partners have to divulge a little information. One way or another news seems likely tomorrow!
I believe this offer may have been on the table since day one, lets see what the others offer. Kind of has a Morrison’s feel about it.
@Jamster/@Alco098, I'm with you that this is sketchy. I keep analyzing this one particular sentence from the Bloomberg article.....
"While Blue Prism’s board is endorsing the Vista offer, other suitors could still emerge, the people said. Representatives for Vista and Blue Prism declined to comment."
Question 1: Who are "the people" familiar with the matter if neither party (Vista or Blue Prism) have commented?
Question 2: Who is using the word "endorse"? Was this the author of the article taking liberties, or is that what "the people" said? How can news that the board is endorsing the offer come out at the same time that the offer itself is announced?! That doesn't make sense.
This is fishy. Either these are tactics to get another bidder to step up to the plate in a hurry, or there are corrupt actors here with conflicts of interest.
Alco098 it's suspect tbh, the amount of confidentiality that should be followed with M&A deals are no joking matter, especially on final terms. Bankers can get ruined if it was from them. It sounds like an inside job from Blue Prism (or Quattrone) to get TPG to make an offer.
Bathgate, Kingdon and Moss all have substantial stakes. Why would they agree to such a low price? A combination almost certainly means Kingdon and Moss lose their jobs post transition. Only way I can see it work is if it's a merger where Tibco was listed and this allowed Blue Prism to get to the US and shareholders that don't want to sell get shares in the new entity. Vista want to sell Tibco but I have yet to see them plan an IPO or a SPAC listing.
Who are these 'people' and what's their incentive for leaking? They're certainly not from Vista. A 'come and get me' from BP stakeholders perhaps? But will any more suitors emerge...
I was in Avast and that got bought out for a crazy low amount so wouldn't be a shock if this is the figure.
Hopefully not or that other bidders come in but UK tech is massively discounted and seems that owners are happy to sell out low rather than push the company against what seems an anti-tech/growth environment.
It might encourage TPG to make a more sensible offer...
Ignore until you see official news. No decent CEO or board would recommend a buyout at less than the current share price given they have complained long before the drop to 800p about the discount vs. competitors and the need to list in the US. It might very well be an injection of capital and not a buyout offer. 0 chance an £11 offer goes through
Anyone else think this might just be Rumour being spread to try and scare private investors into bailing out early?
Scandalously low bid offer! This might just kick off a bidding war, I would be shocked if there isn’t any counter offers as this would be a day light robbery else..
This offer is garbage! Should be AT LEAST 20% higher than current share price. The Blue Prism board should decline it, as this is giving away a wonderful company for peanuts. The good news is that I think a competing bid will emerge if this is how low the hurdle is.
That proposed offer would not get my vote. Our historical share price shows where we could recover to without being sold.