Bravura (ASX:BVS) has bumped up its takeover for fellow financial services tech company GBST (ASX:GBT) to $2.72 per share.
Bravura’s new offer values GBST’s takeover at $184.1 million. That’s a rise of over 8 per cent from its 12 April 2019 offer of $2.50 per GBST share ($169.8 million).
Bravura’s offer is now also cash, as opposed to its cash and scrip alternative in the prior proposal.
A part from that, Bravura’s takeover offer remains on the same terms, it’s non-binding and indicative.
Shares in Bravura (ASX:BVS) closed 1.93 per cent higher at $5.27 yesterday. GBST (ASX:GBT) shares closed 3.6 per cent higher at $2.57.