TUNG.L Share News (TUNG)

Tungsten Corp shares temporarily suspended amid acquisition by Kofax

(Alliance News) - Tungsten Corp PLC on Friday said it has been bought by Kofax Parent Ltd and its shares have been temporarily suspended from trading on AIM.

IN BRIEF: Tungsten general meeting approves Kofax offer

Tungsten Corp PLC - London-based electronic invoicing company - Reports that at its reconvened court and general meeting, the scheme for Kofax Parent Ltd to acquire the company was passed and the resolution to implement the scheme was passed.

IN BRIEF: Tungsten makes no move on final Pagero takeover offer

Tungsten Corp PLC - London-based electronic invoicing company - Notes that the offer of 48 pence per Tungsten share by Pagero Group AB is final and will not be increased.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: UKOG signs lease; Alien Metals to buy Vivash Gorge

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

IN BRIEF: Kofax acquires 18% of Tungsten Corp shares

Tungsten Corp PLC - London-based electronic invoicing company - Suitor Kofax Parent Ltd buys 18% of Tungsten shares for 55 pence each per scheme share. Last week, Irvine, California-based Kofax had increased its bid for the London-based electronic invoicing company for 55 pence per share in cash, higher from its previous offer at 42 pence per share, and from Pagero AB's offer at 48p per Tungsten share. As a result of the new offer, Tungsten has withdrawn its recommendation from the offer by Pagero and has recommended that shareholders vote in favour of the increased Kofax bid. Shareholders will vote on the offer at a reconvened general and court meeting at June 9.

TRADING UPDATES: Big Yellow's annual profit surges on occupancy gains

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

Tungsten Corp shares rise on acceptance of raised Kofax offer

(Alliance News) - Tungsten Corp PLC on Friday said it now recommends that shareholders accept the increased offer by Kofax Parent Ltd, which values the company at GBP70.6 million.

IN BRIEF: Tungsten ends takeover talks with potential offeror

Tungsten Corp PLC - London-based electronic invoicing company - Amid several bids for the company, Tungsten has confirmed that one of the unnamed potential competing offerors has expressed no intention to acquire the company and has ended talks.

Tungsten Corp suitor tells investors to take no action amid Pagero bid

(Alliance News) - Tungsten Corp PLC suitor Kofax Inc on Tuesday urged shareholders in the electronic invoicing and purchase order platform to not take any action after it accepted a buyout from Gothenburg, Sweden-based Pagero Group AB.

LONDON MARKET MIDDAY: China slowdown causes European stocks to see red

(Alliance News) - Equities around Europe extended their decline at midday on Monday after weak trade data from China sent a scare through markets about the impact of the country's strict Covid lockdowns.

Tungsten Corp to be taken over by Sweden's Pagero in £61.5m deal

(Sharecast News) - Invoice processing company Tungsten Corp said on Monday that it was withdrawing its backing for a takeover by US buyout group Kofax in favour of a better offer from Swedish smart business network provider Pagero, at £61.5m.

Tungsten agrees Swedish buyout and withdraws backing of Kofax bid

(Alliance News) - Tungsten Corp PLC on Monday withdrew its recommendation of a US buyout and backed a GBP61.5 million offer from Gothenburg, Sweden-based Pagero Group AB.

IN BRIEF: Tungsten Corp bidder Kofax agrees to takeover itself

Tungsten Corp PLC - London-based electronic invoicing company - Notes that bidder Kofax Inc has agreed to be taken over by Clearlake Capital and TA Associates. The takeover is agreed upon without the approval of Tungsten's board.

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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