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Thomson Reuters Shares Rise on Increased Offer for Remaining Pagero Shares

By Adriano Marchese Thomson Reuters shares were higher mid-morning after the company said it has increased its offer for the rest of the shares of Swedish.

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Thomson Reuters Wins Bidding War for Payment Automation Company Pagero

Thomson Reuters Wins Bidding War for Payment Automation Company Pagero
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Thomson Reuters raises offer for Sweden s Pagero to $789 mln, topping Avalara s bid

Thomson Reuters said on Monday it raised its offer to buy Sweden s Pagero by 25% to about $789 million and that it now controls about 54% of the company, seeking to ward off a rival bid for the.

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European Midday Briefing: Stocks Struggle, Lack U S Direction

European Midday Briefing: Stocks Struggle, Lack U S Direction
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Thomson Reuters raises offer for Sweden s Pagero to $789 million, topping Avalara s bid

Thomson Reuters said it increased its offer to 50 crowns per Pagero share, valuing the company at 8.1 billion crowns and topping an offer of 45 crowns per share from U.S.-based sales and tax management services company Avalara Inc. Thomson Reuters said it has bought about 53.81% of Pagero's shares and votes from key shareholders, including Summa Equity as well as Pagero CEO and other company executives and employees at the new offer price, which is for all Pagero shareholders.

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