Get Live Data

focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

  2. Share Prices
  3. StatPro Share Price
  4. StatPro Share News
  5. StatPro Group Agrees GBP161 Million Takeover From US Rival Confluence

Pin to quick picksStatPro Share News (SOG)

StatPro Information
  • There is currently no data for SOG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

StatPro Group Agrees GBP161 Million Takeover From US Rival Confluence

Fri, 20th Sep 2019 11:46

(Alliance News) - StatPro Group PLC on Friday said it has agreed to a GBP161.1 million cash offer from Confluence Technologies Inc, a company controlled by US private equity firm TA Associates.

Under the terms of the agreement, StatPro shareholders will get 230 pence in cash from Confluence, which provides back-office automation systems to the investment management industry. The agreed price represents a premium of 55% to StarPro's closing price of 148.5p on Thursday.

Shares in StatPro, which provides portfolio analysis and asset pricing services for asset managers, were up 52% at 226.30p each in London on Friday.

StatPro said there are strong strategic reasons for combining with Confluence Technologies due to complementary geographic reach and products, and the combination has the potential to deliver benefits to customers and other stakeholders.

Confluence Technologies has received irrevocable undertakings or letters of intent to vote in favour of the merger, in respect of a total of 42.9 million StatPro shares, representing around 65% of the outstanding share capital of StatPro.

More News
20 Jun 2011 15:54

Encore Oil boss takes more shares

Encore Oil's chief executive Alan Booth has been rebuilding his stake in the North Sea-focused explorer. He took 200,000 shares at an average price of just over 57.6p a share, paying a total of about £115,000. Following the purchase, he now has 6.65m shares in the firm, which amounts to about 2.27

Read more
26 Jan 2011 11:34

Small caps round-up: Patagonia Gold, Charles Stanley, Jubilee Platinum...

Patagonia Gold has risen on news that final results from the recently completed drill campaign on the COSE project in Argentina have revealed more "exceptionally high grade" gold and silver. A potential new mineralised vein has also been discovered at Cap-Oeste with drill-hole CO-166-D which inters

Read more
19 Oct 2010 14:03

Small caps round-up: Fitbug, Renewable Energy, NCC...

Online weight loss programme group Fitbug is raising £600,000 through a placing to fund growth projects. Renewable Energy Generation, which operates nine wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria and Gwynedd, said the renewable energy scene in 2009/10 has been 're

Read more
4 Aug 2010 12:50

Small caps round-up: Forbidden Technologies, Statpro, PetroLatina...

Shares in Forbidden Technologies rallied after the internet video streaming firm announced that Renegade Pictures is using its video platform FORscene for the production of its fourth series of BBC 3 series 'Don't Tell The Bride'. Asset management data firm Statpro posted a 10% drop in half year pr

Read more
22 Jul 2010 07:43

Statpro Group Announces StatPro Revolution Public Beta Launch

LONDON (Dow Jones)--Statpro Group PLC (SOG.LN), an AIM-listed provider of portfolio analysis and data solutions for the global asset management industry, Thursday announced the beta launch of StatPro Revolution and free trial. MAIN FACTS: -Designed for money managers of all sizes StatPro Rev

Read more
15 Jul 2010 15:25

Sector movers: Software news impresses market

Software & computer services stocks have been busy updating the market and have been well received overall. Dimension Data's shares have soared after Nippon Telegraph and Telephone (NTT) agreed to buy the South African IT for £2.12bn in cash. The Japanese telecommunications giant will finance the a

Read more
15 Jul 2010 08:16

StatPro trading in line

Asset management data firm Statpro said trading in the first six months of 2010 is in line with expectations but warned new business in the second half could be adversely affected. The group said new business signed in the first half has been satisfactory but given recent events in the markets, it

Read more
15 Jul 2010 07:14

Statpro Group Sees 1H Trading In Line, Confident For FY

LONDON (Dow Jones)--Statpro Group PLC (SOG.LN), a provider of portfolio analytics and data solutions for the global asset management industry, said Thursday that trading in the first half of the year is in line with expectations MAIN FACTS: -Increasing investment in StatPro Revolution -N

Read more
13 Jul 2010 14:00

PRESS RELEASE: StatPro Achieves Microsoft Gold Certified Partner Status

Earning Microsoft's highest partner status reflects StatPro's commitment to customer service and best-in-class technology BOSTON--(BUSINESS WIRE)--July 13, 2010-- StatPro Inc., a global provider of portfolio analysis and asset valuation software for investment professionals, today announced that

Read more
23 Jun 2010 10:00

PRESS RELEASE: StatPro: European Asset Managers to Prioritise Liquidity Risk

LONDON--(BUSINESS WIRE)--June 23, 2010-- Liquidity risk is a key challenge faced by European asset managers, according to a survey of over 120 leading asset managers who gathered in London, Madrid and Milan during May to attend a series of conferences that discussed the future of risk measuremen

Read more
8 Jun 2010 16:50

Collins Stewart director beats CGT change

Collins Stewart executive director Paul Baines is the latest director to sell shares in order to take advantage of the current capital gains tax regime prior to the expected rise in the tax rate. Baines became a director of the broker when it acquired corporate finance adviser Hawkpoint at the end

Read more
10 Mar 2010 11:21

Small caps round-up: 32Red, Alkane, Norseman...

Online casino operator 32Red enjoyed a "strong" recovery in the second half and said revenues increased 10% in January and February. Profit before tax fell to £530,186 in 2009 from £1.27m a year ago on revenue down 2% to £12.75m. The 32Red Casino business led the fight back, helping total second ha

Read more
19 Jan 2010 10:38

Small Cap round-up: Headlam, Inspired Gaming, IQE...

Floorings specialist Headlam's 2009 revenue reduced by 3.8% compared with the previous year, but a £12m currency benefit and full year contribution from Dutch business Silvester will mean earnings for 2009 are likely to be slightly ahead of market expectations. Headlam added that, overall, trading

Read more
21 Oct 2009 13:16

Small caps round-up: GeoPark, Kiwara, Cashbox,...

Latin American oil and gas exploration and production company GeoPark gained after announcing the successful drilling and testing of a new discovery oil well - Yagan Norte 1 - in the Tobifera formation on the Fell Block in Chile. GeoPark drilled and completed the Yagan Norte 1 well to a total dept

Read more
14 Jul 2009 12:59

Small caps round-up: NetDimensions, Ocean Power, Qonnectis...

Training software provider NetDimensions traded in lien with expectations in the first half of 2009. Cash balances at the end of June stood at $6.8m, up from $5.3m at the end of 2008. The company said its cash balance is equivalent to 16.5p in cash per share, a few pence above the current share pric

Read more
3456789101112

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.