On Monday, the Nordic software company EG Norge submitted a bid of NOK 20 for each share in Carasent, which develops digital solutions aimed at healthcare.
EG Norge is offering a price of NOK 20 per share, which values the company at close to NOK 1.4 billion.
In a stock exchange announcement, EG states that it has already received support from 34 percent of the owners, including the main shareholder Acaptial Cara Holdco.
However, the Carasent board will not recommend the bid. But the share rose over 31 percent on Monday, according to E24.
Critical of management’s handling
Professor Morten Kinander at BI Business School is critical of management’s handling of the bid. He states to Finansavisen that The Carasent board kept the huge offer hidden from the shareholders. Instead, they published other good news so that the price skyrocketed.
He means the board should have waited to publish the message that sent the price down until after the bid for the company was known.
Carasent had a turnover of NOK 244 million last year, and had an operating loss of NOK 76 million. The company has been listed on the stock exchange since 2002.
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