ReadSoft

One of the more important jobs of the procure-to-pay (“P2P”) and accounts payable (“AP”) professional is keeping up with what is happening in the industry at large. This is critical for a few reasons, including skills development and the hunt for new technologies, but is sometimes difficult to do. That is why, every two weeks, [...]

Interesting news abounds in the business world lately. In China, the central government launched a broad-based stimulus designed to help local governments restructure trillions of dollars in debt and meet their obligations. Meanwhile, U.S. Senator Elizabeth Warren (D-Mass.) introduced a bill to curb the Federal Reserve’s power to bail out huge financial firms in a [...]

The Payables Place team has covered a lot of ground over the past two weeks. There was news of Lexmark moving to acquire Kofax, a look at how scan-and-capture invoicing can trigger cost savings, and even a deeper look at one of the biggest trends in accounts payable for 2015. Happy Good Friday and Happy [...]

The acquisition battle between Lexmark (NYSE: LXK) and Hyland Software’s UK unit added another round this week; Hyland increased its bid to 55 kronor per share on Monday, followed on Tuesday by a counteroffer from Lexmark of 55.50 kronor per share for all outstanding shares in ReadSoft (Stockholm: RSOF-B). This is the third round of [...]

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 [...]

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 [...]

Earlier this week, Lexmark (NYSE: LXK) announced that it had commenced a cash tender offer for all of the outstanding shares of  ReadSoft (NASDAQ OMX: RSOF-B), a Sweden-based provider of AP automation and document management solutions. ReadSoft was founded in 1991 and has approximately 625 employees. The company is headquartered in Helsingborg, Sweden. The offer [...]