UK's Craneware says it has not received takeover proposal from Bain Capital
ReutersMay 16, 2025 3:22 PM
May 16 (Reuters) - Craneware CRW.L has not received a takeover proposal from Bain Capital, the British software licensing firm said on Friday, after the U.S. private equity firm expressed interest in buying the firm.
Bain Capital confirmed earlier on Friday that it was assessing a possible offer for the London-listed company, although the evaluation remained highly preliminary and had not yet involved any approach to the company's board.
The deadline for Bain Capital to submit a potential offer is June 13.
Shares of Craneware rose as much as 6.6% to 2,185 pence per share by 1456 GMT on the London bourse.
Craneware currently has a market cap of about £724 million ($961.33 million).
($1 = 0.7531 pounds)
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