26 Sep 2016 09:49
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY), IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF ANY RELEVANT LAWS OF THAT JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS
FOR IMMEDIATE RELEASE
26 SEPTEMBER 2016
STATEMENT OF INTENTION NOT TO MAKE AN OFFER
On 2 September 2016, the board of ESW Capital, LLC ("ESW") announced that it was in talks about a possible offer with Bond International Software plc ("Bond"), who at the time was subject to an unsolicited offer from Constellation Software UK Holdco Ltd ("Constellation").
Following the joint announcement by Constellation and Bond on 23 September 2016 of a recommended revised cash offer, the board of ESW have concluded that it does not intend to make an offer for Bond.
This announcement is made in accordance with Rule 2.8 of the City Code on Takeovers and Mergers ("Code"). As a result of this announcement, ESW will, except with the consent of the UK Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 2.8 of the Code.
ESW Capital, LLC |
|
Andrew Price, CFO | +1 512 524 6149 |
|
|
Arden Partners (financial adviser to ESW) |
|
James Felix | +44 (0) 20 7614 5900 |
Steve Douglas |
|
Benjamin Cryer |
|
|
|
|
|
|
|