|Bid||19.14 x 15900|
|Ask||19.62 x 15700|
|Day's Range||19.12 - 19.20|
|52 Week Range||11.22 - 20.80|
|Beta (5Y Monthly)||0.37|
|PE Ratio (TTM)||44.19|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||N/A|
Dutch financial services company Intertrust has agreed to a takeover bid by corporate services firm CSC for around 1.8 billion euros ($2 billion), the companies said on Monday. The all-cash-offer values Intertrust shares at 20 euros each, they said in a joint statement — a premium of around 59% on their value on Nov. 11 when it had announced another possible offer from private equity firm CVC Capital Partners. That move followed a statement by Intertrust, in which it said multiple entities had expressed interest in buying the firm, with offers ranging up to 22 euros per share.
Intertrust, which did not name the interested parties, or provide a number thereof, said that each of them had submitted a conditional and non-binding proposal to buy all its issued and outstanding shares at offer prices ranging up to 22 euro per share. Last week, the company, which offers administrative, fund and private wealth services in more than 30 jurisdictions worldwide, entered into exclusive talks over a potential 1.63 billion euro ($1.83 billion) takeover by CVC Capital Partners, which offered 18 euros per outstanding Intertrust share. The highest bid would mean a 25.7% premium over Intertrust's Monday closing price of 17.50 euros on the Amsterdam stock exchange, which last week already rose over 40% to align with CVC Capital Partners' offer.