KBC Advanced Technology (AIM:KBC) – takeover at big premium, look out for more like this
The leading consultancy and software provider to the hydrocarbon industry and a relative outperformer in the oil and gas world has announced that it has recommended an all cash offer for the business from AspenTech.As we communicated previously we anticipate more deals of this nature in the oil and gas sector.
AspenTech (NASDAQ: AZPN) is a leading global supplier of optimisation software for plant and process design, operational performance, and supply-chain planning. Its solutions are mission-critical and have been specifically created for process industries, including energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process.
The offer at 185p per share, represents a near 50% premium to the closing share price the day before, valuing KBC in…
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