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Shares in SoftwareOne rose on Friday after a boardroom shake-up made the prospect of a bid for the Swiss IT service provider more likely, investors and analysts said. On Thursday,...
The board of Swiss IT services provider SoftwareOne said on Monday its plan to resolve a boardroom tussle with founding shareholders over the company's future has won the backing of proxy advisory...
SoftwareOne said ISS had recommended voting for all nine nominees proposed by its board at the company's annual general meeting (AGM), including the three nominees representing the founding shareholders group. The AGM is scheduled for April 18.
Last month SoftwareOne's present board pitched a compromise proposal that recommended electing "a proportionate number" of the founding shareholders' nominees to the board. These nominees would be von Stockar, Annabella Bassler and Andrea Sieber.
Bain Capital is the last remaining bidder for software company SoftwareOne Holding AG after other interested parties, including private equity firm Apax Partners, dropped out, three people...