UK's Blue Prism in talks over possible offer, shares surge

·1-min read

(Reuters) - Blue Prism Group said on Tuesday it was in talks with American private equity firms TPG Capital and Vista Equity Partners over a possible offer, sending shares of the British automation software company surging more than 30%.

Britain has seen https://www.reuters.com/business/uk-takeovers-hit-14-year-high-first-seven-months-2021-2021-08-03 a record number of takeover bids this year, with private equity and listed firms pouncing on everything from supermarkets to pharmaceutical groups and even the maker of the country's torpedoes and submarine sensors.

Blue Prism, whose market value stood at about 805 million pounds ($1.11 billion) as of Friday's close according to Refinitiv Eikon data, provides software that help automate routine back-office clerical tasks to business customers.

Its shares rose as much as 38% to 1,144 pence by 1409 GMT, valuing the company at about 1.11 billion pounds.

($1 = 0.7255 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Ramakrishnan M.)

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