SHARES in technology consultancy
Private equity heavyweight
Limited, which is indirectly owned by Apax.
The board, with guidance from Citi, said the terms of the deal are "fair and reasonable". They have unanimously pledged to recommend shareholders vote in favour of the takeover.
Shareholders are entitled to 110p per share in cash, 41 per cent over yesterday's 78p closing price. The stock price is now around pre-pandemic levels after dipping to lows of under 60p in the summer.
Rohan Haldea, partner at Apax, said his firm believes there is "significant opportunity" for
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