Computer translation company SDL has upped its indicative offer for Alterian, the Bristol based firm which makes content creation software.
The new offer is for 110p per share, up from the original 80p offer made in October.
Alterian now says it is "prepared to engage" with SDL although emphasises that discussion are at an early stage.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The news that Alterian is prepared to talk pushed the firm's stock price up 14% to 99.66p by 1347GMT while SDL's price had dropped, slightly, by 0.39%.
Alterian is a troubled enterprise, having seen its value drop 75% between the start of the year and the middle of October on the back of profit warnings and staffing cuts.
BS
-
Six out of 10 retirees who accessed a pension didn’t use Pension Wise - how does the guidance service work?Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be useful for you?
-
UK-EU trade deal: Britain to get a £9bn boost to the economy by 2040The government’s agreement with the EU follows on from separate deals with India and the United States. Will it breathe life into the UK economy?
