Simon Thompson 

Sanderson cash bid sets up potential for bidding war

Simon Thompson

Simon Thompson

I clearly wasn’t the only one running my slide rule across Coventry-based software company Sanderson (SND:140p) when I suggested buying the shares, at 120p, in my June 2019 Alpha Report ('Capitalising on the digital revolution', 21 Jun 2019). Aptean, a company controlled by US investment firms TA Associates and Vista, has made a recommended cash bid for the UK company which values the equity at £90m, or 140p a share. It’s not difficult to understand why other predators could be circling. In fact, I highlighted Sanderson as a potential takeover target in my initiation note.

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