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Australia’s Hansen Technologies receives $1 bln buyout pitch from BGH Capital

Hansen Technologies said Monday it had received a conditional, no-obligation offer from private equity firm BGH Capital to acquire the company as part of a deal that left the billing solutions provider for A $ 1.3 billion ($ 1 billion) rated.

Hansen said BGH is offering A $ 6.50 cash per share, a 25.5% premium on the company’s last closing price. Hansen’s board of directors supported the proposal, saying it had granted BGH Capital exclusivity and access to due diligence.

($ 1 = 1.2923 Australian dollars)

Also read: Hansen Technologies Receives $ 1 Billion Buyout Pitch from BGH Capital

(This story was not edited by Devdiscourse staff and is automatically generated from a syndicated feed.)