Kin and Carta Share News (KCT)

IN BRIEF: Apax Global's Kin & Carta offer lapses as Valtech deal nears

Kin & Carta PLC - London-based business software consultancy - Expects takeover by Valtech to be effective by the end of April. Valtech is controlled indirectly by funds advised by BC Partners LLP, a London-based international investment firm. Merger control clearance in Bulgaria and Kosovo are remaining hurdles, Kin & Carta noted. The company adds that an offer by Apax Partners LLP has now lapsed. In December, Kin & Carta accepted a bid proposal from Valtech, valuing the company at GBP239 million, or 130 pence per share. This trumped a previously agreed approach from Apax Partners which valued Kin & Carta at 120p per share.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Kin & Carta contracts ends with key client spending more

Kin & Carta PLC - London-based business software consultancy - Contract with unnamed "key" financial services company client ended on Wednesday. The contract was worth up to USD90 million over two years at signing, but the client spent in excess of the initial contract value, Kin & Carta says. "Engagement with the client continues to be robust, and Kin & Carta continues to provide its services spanning many projects and deliverable timelines in line with the client's expectation on a rolling basis. Our fiscal year outlook remains unchanged," Kin & Carta says.

TRADING UPDATES: ValiRx receives shareholder request for board change

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Kin & Carta trading stabilises as new financial year begins

(Alliance News) - Kin & Carta PLC on Tuesday said business had stabilised at the beginning of the new financial year.

SMALL-CAP WINNERS & LOSERS: Topps Tiles slips further after weak sales

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

IN BRIEF: Apax considers options after Kin & Carta agrees rival bid

Kin & Carta PLC - London-based business software consultancy - Apax Partners LLP says it is "considering its options", after takeover target Kin & Carta last week said it has accepted a rival bid. Kin & Carta said it has accepted an offer of 130 pence per share from funds advised by London-based BC Partners LLP, trumping a previously agreed 120p bid from Apax. The BC Partners offer values Kin & Carta at GBP239 million. Apax on Wednesday notes that the 'no increase statement' relating to its own offer price is no longer in effect and has been set aside.

Kin & Carta recommends new offer as Valtech trumps Apax Parters bid

(Alliance News) - Kin & Carta PLC has accepted a bid proposal from Valtech Topco valuing the company at GBP239 million, trumping a previously agreed approach from Apax Partners.

UK shareholder meetings calendar - next 7 days

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

SMALL-CAP WINNERS & LOSERS: Kin & Carta backs sweetened offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Kin & Carta shares rise on "increased and final" takeover offer

(Alliance News) - Kin & Carta PLC on Thursday said it and a group of Apax Partners LLP funds have agreed on an increased cash offer which values it at GBP258 million.

LONDON MARKET OPEN: FTSE 100, 250 open lower but M&A impetus elsewhere

(Alliance News) - Stock prices in London opened largely lower on Thursday, while equities in Asia struggled after China trade data underwhelmed, while UK house prices rose for the second month in a row according to Halifax.

UK shareholder meetings calendar - next 7 days