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(Reuters) -European shares slipped on Thursday after the European Central Bank (ECB) raised borrowing costs as expected and signalled more policy tightening in its fight against sticky inflation. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 13, 2023. REUTERS/Staff/ FILE PHOTOThe continent-wide STOXX 600 index closed 0.1% lower after falling as much as 0.8% earlier in the day. The ECB increased the deposit rate by 25 basis points to 3.5%, the highest level in 22 years. This was the central bank’s eighth successive raise.
Persons: Christine, Lagarde, , Stuart Cole, Halma, SoftwareOne Organizations: Reuters, European Central Bank, REUTERS, Staff, ECB, Equiti, U.S . Federal Reserve, ASOS, Bain Capital Private Equity, Informa Locations: Frankfurt, Germany, Swedish, British, Swiss
ZURICH, June 15 (Reuters) - Bain Capital Private Equity has made an offer for SoftwareOne (SWON.S) which values the Swiss software management company at 2.9 billion Swiss francs ($3.21 billion), Bain said on Thursday. In its response, SoftwareOne board, said the offer "materially undervalues" the company and was not in its best interest or that of the majority of its shareholders. Bain has made an all cash offer of 18.50 Swiss francs per share to take the company private, it said. The company's shares, which closed at 15.17 Swiss francs on Wednesday, were up 19.8% in pre-market trade. In its statement, SoftwareOne confirmed that the "indicative, unsolicited and non-binding offer from Bain Capital" it had received was supported by those shareholders.
Persons: Bain, SoftwareOne, Daniel von Stockar, Rene Gilli, von Stockar, John Revill, Tomasz Janowski Organizations: Bain Capital Private Equity, Microsoft, Adobe, IBM, Bain Capital, Bain, Thomson Locations: ZURICH, Swiss, Stans, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're investing in biofuel firm EcoCeres to help expand it, says investment firmJonathan Zhu of Bain Capital Private Equity explains why it's excited about its investment in biofuel firm EcoCeres.
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