Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Tradeshift’s cash offer for Basware is likely to be approved
December 6, 2018

According to Bloomberg News, Tradeshift and Basware are closing in on a deal. Basware specializes in automating corporate financial management and is a competitor to Tradeshift. The Basware stock rose yesterday, as rumours were that Tradeshift will pay EUR 45 per share. A bid of EUR 45 per share corresponds to an EUR 651m bid. Basware reported a turnover of EUR 144m and EBITDA of EUR 5.7m the LTM, corresponding to an EV/Sales 4.6x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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