IN BRIEF: Scheme to facilitate Wellspring bid for Sopheon sanctioned

Sopheon PLC - Minnesota-based enterprise software and services company - Says High Court sanctions scheme by which the the GBP115 million takeover from Wellspring Worldwide Inc will be facilitated. Explains the scheme is expected to become effective on February 20 with shares expected to be cancelled on February 21. In December, Sopheon said that Wellspring has offered GBP10.00 in cash per Sopheon share.

Current stock price: 988.00 pence

12-month change: up 62%

By Jeremy Cutler, Alliance News reporter

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