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Kin & Carta PLC - London-based business software consultancy - Apax Partners LLP says it is ‘considering its options’, after takeover target Kin & Carta last week said it has accepted a rival bid. Kin & Carta said it has accepted an offer of 130 pence per share from funds advised by London-based BC Partners LLP, trumping a previously agreed 120p bid from Apax. The BC Partners offer values Kin & Carta at £239 million. Apax on Wednesday notes that the ’no increase statement’ relating to its own offer price is no longer in effect and has been set aside. Current stock price: 132.00p 12-month change: down 39% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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