1052 GMT - CompuGroup Medical received a takeover offer of 22 euros per share from private equity firm CVC Capital Partners. Warburg analyst Andreas Wolf says the offer doesn't reflect the company's value. The German group, which develops software for the healthcare sector, has issued profit warnings in the last couple of years, and its share price has at times fallen below its May 2007 initial public listing of 18 euros. However, Germany's hospital reform aimed at creating more specialized and larger clinics--the type served by CompuGroup--should support the company's shares, Wolf writes in a research note. He adds that there is a high probability of the offer being accepted. Shares are up 31.7% at 21.7 euros. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
December 09, 2024 05:52 ET (10:52 GMT)
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