We reported on July 1 that Lexmark International (NYSE: LXK) upped their bid for ReadSoft (NASDAQ OMX: RSOF-B) in the face of competition from Ohio-based Hyland Software’s UK business unit. It turns out that on July 7, Hyland upped their bid again to 45 kronor per share and stated that they now control 10.9% of ReadSoft’s stock [...]
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Hyland
Lexmark Increases Bid for ReadSoft in Wake of Competing Offer
Lexmark International (NYSE: LXK) on June 18 increased its initial tender offer for Swedish AP automation provider ReadSoft AB (NASDAQ OMX: RSOF-B) to 43 kronor per share, a 7.4% increase over its initial offer of 40.05 kronor, in the wake of competition from the UK business unit of Hyland Software. Earlier in the day on [...]
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