UPDATE: Craneware confirms no proposal yet received from Bain Capital

(Alliance News) - Craneware PLC on Friday said it has not received a takeover proposal from Bain ...

Alliance News 16 May, 2025 | 3:47PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Craneware PLC on Friday said it has not received a takeover proposal from Bain Capital Private Equity LLP, as Bain confirmed its assessment of a possible offer.

Craneware's stock closed up 8.8% at 2,230.00 pence in London on Friday, following Bain's announcement.

Bain said it had noted the recent share price movement for Craneware, and "press speculation" about a potential offer for the Edinburgh, Scotland-based software solutions provider.

"Bain Capital confirms that the Bain Capital Funds are assessing a possible offer to acquire the issued and to be issued share capital of Craneware," the US private investment firm said.

"This evaluation is highly preliminary in nature, and has not to date involved any approach to the board of Craneware."

Bain acknowledged that it has until the evening of June 13 to either announce a firm intention to make an offer or confirm that it does not intend to make one.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Craneware PLC 1,568.00 GBX 1.55 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures