Tuesday, 28 June 2011

Symphony Technology offer for Aldata Solutions Oyj

Aldata Solutions (OMXH: ALD1V) may be the next firm to exit dwindling Helsinki stock exchange. According to Aldata’s release, Symphony Technology II-A, L.P now owns 36% of shares and voting rights in Aldata Solution Oyj. Symphony has exceeded the mandatory offer plateau and will make a tender offer of 61 cents per share, corresponding to highest price paid by Symphony on Aldata’s shares during the last six months and around 30% premium on Monday close.

Aldata is global leader in retail and distribution optimization. Symphony Technology Group (STG) is a strategic private equity firm investing in software and services companies..

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