Esker: agreement on a proposed takeover bid

(CercleFinance.com) - Esker announces that it has reached agreement on the terms and conditions of a cash tender offer, at a price of E262 per Esker share, by Bridgepoint in association with General Atlantic and the company's shareholder managers.


The takeover bid, which would be filed through Boréal Bidco, a dedicated company controlled by Bridgepoint, would value 100% of Esker's share capital at around 1.62 billion euros, and would reflect a 30.1% premium to the unaffected share price on 8 August.

The project would enable the source-to-pay and order-to-cash automation solutions group to accelerate its development strategy, with all the necessary flexibility and the support of Bridgepoint and General Atlantic.

The offer has received a favourable and unanimous welcome in principle from the Supervisory Board, which has set up an independent ad hoc committee and appointed Finexsi as an independent expert to issue a report on its financial terms.


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