Thomson Reuters Buys Majority Stake in Pagero
January 15 2024 - 1:54AM
Dow Jones News
By P.R. Venkat
Thomson Reuters said it has bought a majority stake in the
Pagero Group, taking it closer toward full control of the
latter.
Apart from the key shareholders, including Summa Equity,
Pagero's chief executive Bengt Nilsson, several members of the
management team and employees, have sold their stock to the
company, Thomson Reuters said Monday.
The acquisition will be made using currently available funds, it
said.
Thomson Reuters had last week launched a $626 million cash bid
for Nasdaq-listed Pagero, beating a rival offer made by Vertex for
the Swedish e-invoicing provider in December.
Reuters said last week that it would begin a public tender offer
to buy all of Pagero's shares.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
January 15, 2024 02:39 ET (07:39 GMT)
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