It represents a premium of 171% over Brady’s 6.63p share price at closing on 11 October, the day before the sale was announced
Investment company Hanover Bidco has upped its offer to buy (), a provider of software solutions for global commodity and energy trading, to 18p or £15mln.
It represents a premium of 171% over Brady’s 6.63p share price at closing on 11 October, the day before the deal was announced and is an 80% hike on Hanover's original offer of 10p per share.
The announcement came hours after the news of a potential counteroffer by an unnamed bidder on Monday morning.
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