Ironbridge Capital, a private equity investor, has made a proposal to buy global wealth management software and technology company Bravura Solutions.
In a statement to the Australian Securities Exchange this morning, Bravura announced it had yesterday received an “indicative, non-binding, conditional proposal” from Ironbridge Capital to acquire all the outstanding shares and options in the company.
According to Bravura the $0.28 per share offer represents a premium of 65 per cent to the company’s closing price on 27 June of $0.17.
InvestorDaily understands that Ironbridge already has a 60 per cent share in Bravura and the proposal is to acquire the remainder.
Source: InvestorDaily. Read full article here.