![]() "This is a visionary move and is indicative of a visionary management team. the stock market valuation of the Aim-quoted company. As a result of the completion of the acquisition, Blue Prisms admission to trading on the AIM market of the London Stock Exchange will be cancelled with effect from March 17, 2022. "We believe that the bid by SS&C for Blue Prism will, if successful, help transform SS&C into the clear tech leader (and therefore services leader) in the fund admin space," Coast Capital Founding Partner James Rasteh said. A Blue Prism spokesman denied his dual roles at the company and one its biggest shareholders represented a potential conflict of interest. Later Tuesday, Coast Capital issued a statement offering its support for the SS&C bid. Dec 1 (Reuters) - Software group Blue Prism (PRSMB.L) agreed to a 1.24 billion pounds (1.65 billion) takeover offer from SS&C Technologies (SSNC.O) on Wednesday, withdrawing its backing for a bid. The Company combines enterprise-grade intelligent automation with an ecosystem of distribution and technology partnerships to help its customers scale their digital workforces. "I think it's slightly more likely that it gets rejected." Blue Prism Group plc is a United Kingdom-based company that provides intelligent automation solutions for enterprises to transform their work. "I think it's right on the cusp," David Brown, founder of investment manager Hawk Ridge, said in an interview last week. At Blue Prism, we pioneered Robotic Process Automation (RPA), emerging as the trusted and secure intelligent automation choice for the Fortune 500 and public-sector market. One Blue Prism investor told CNBC the chances of the deal getting approved were looking increasingly slim. The firm is in discussions with other disgruntled investors and says around 30% of shareholders are prepared to block the acquisition. On 18 March 2016, Blue Prism undertook an IPO when the company floated on the London Stock Exchange AIM market with a market capitalisation of 48.5 million. In conclusion, Blue Prism Group PLC (OTCPK:BPRMF, 30-year Financials) stock is believed to be possible value trap.The companys financial condition is fair and its profitability is poor. It competes with the likes of U.S.-headquartered UiPath, which listed in New York and has a market cap of over $28 billion, and Automation Anywhere, a privately-held firm last valued at $6.8 billion.Īctivist investor Coast Capital is mounting a challenge to the Blue Prism-Vista deal. ![]() Investors have expressed concern over the proposed takeover of Blue Prism by Vista, arguing it represents poor value for shareholders and a huge discount to competitors.īlue Prism sells what's known as robotic process automation technology, or the use of metaphorical software robots to automate repetitive tasks in the workplace. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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