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Tungsten Corp PLC - London-based electronic invoicing company - Suitor Kofax Parent Ltd buys 18% of Tungsten shares for 55 pence each per scheme share. Last week, Irvine, California-based Kofax had increased its bid for the London-based electronic invoicing company for 55 pence per share in cash, higher from its previous offer at 42 pence per share, and from Pagero AB's offer at 48p per Tungsten share. As a result of the new offer, Tungsten has withdrawn its recommendation from the offer by Pagero and has recommended that shareholders vote in favour of the increased Kofax bid. Shareholders will vote on the offer at a reconvened general and court meeting at June 9.
Current stock price: 56.40 pence
12-month change: up 69%
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