Civica in talks over takeover bid
12/06/2007
UK software maker and technology consultancy firm Civica has revealed that it is in talks with a private equity group regarding a sale, after receiving a preliminary takeover bid.
"(Civica) announces today that it has received an unsolicited preliminary approach from a private equity fund," confirmed a company statement.
Discussions are at an early stage and this approach may or may not lead to an offer being made for the company. There can be no certainty that an offer will be made. A further announcement will be made in due course."
Shares in the company, which provides consulting, software and managed services to the public sector and regulated services, have jumped, and the company is recommending that its shareholders refrain from action at this stage.
