Thomson Reuters offered to pay 40 crowns in cash for each Pagero share, which is a premium of 11% to the stock's close on Wednesday and higher than Vertex's offer of 36 crowns per share. Pagero, whose services involve digitizing and automating accounts processes, said an independent bid committee of its board switched its recommendation from Vertex's offer to the Thomson Reuters offer. Thomson Reuters, which owns the Checkpoint tax and accounting service, said Pagero's e-invoicing compliance capabilities would expand its indirect tax offerings.