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.
On May 20, Tungsten and Project California Bidco Ltd - a newly-formed vehicle, indirectly wholly-owned by Kofax Parent Ltd - announced an increased recommended all cash offer of 55 pence per share. Tungsten directors urge Tungsten shareholders to take no action in respect of the Pagero offer, given their recommendation of the revised Kofax offer.
Current stock price: 54.50 pence
12-month change: up 43%
By Heather Rydings; heatherrydings@alliancenews.com
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