CVC bids for Germany's CompuGroup Medical at 51% premium
CompuGroup said CVC had offered 22 euros ($23.24) per share, which corresponds to a 51% premium to CompuGroup's average share price over the past three months. The deal, which is subject to regulatory clearances, is worth 1.14 billion euros ($1.20 billion) based on CompuGroup's 51.7 million shares outstanding, Reuters' calculations showed. The deal's minimum acceptance threshold is set at 17% and the German company's supervisory board expects to recommend the shareholders to approve the offer after a review.