British software firm Craneware (CRW.L), opens new tab said on Wednesday it has rejected a takeover proposal from U.S. private equity firm Bain Capital, stating that the 26.50 pounds-per-share proposal undervalued the company. Bain Capital's proposal would have valued the British company at 939.4 million pounds ($1.27 billion) on Wednesday. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Craneware's shares were up marginally at 20.10 pounds at 0723 GMT. Bain Capital separately said it would not make an offer for Craneware. Advertisement · Scroll to continue
Sponsored by Givaudan - Taste & Wellbeing Fiery innovation Cooking with fire is a timeless tradition across our region. Join us to unlock bold, authentic flavours and explore the purest expressions of flame-cooked cuisine. Stay tuned as we unleash the power of fire. #BoundlessInnovation #FieryNotes #GivaudanFoodExperiences Learn more Report This Ad The proposed bid represented a 29.3% premium over Craneware’s closing share price on May 15, the day before Bain Capital disclosed its interest. Craneware, which specializes in healthcare financial software for the U.S. market, currently has a market capitalization of about 710 million pounds, according to LSEG data. The company's shares had previously fallen to a one-and-a-half-year low in April, following the announcement of U.S. President Donald Trump's "Liberation Day" tariffs.
