DLA Piper advises Vertex on its SEK 5.8 billion public takeover offer to the shareholders of Pagero Group
DLA Piper advises Vertex, Inc., through the wholly-owned subsidiary Goldcup 34190 AB ("Vertex") in relation to the recommended public offer to the shareholders of Pagero Group AB (publ) ("Pagero").
The shares in Pagero are admitted to trading on Nasdaq First North Growth Market. The independent bid committee of the board of directors of Pagero unanimously recommends that Pagero's shareholders accept the offer, and the two largest shareholders, representing 40.4 percent of the shares, have undertaken to accept the offer. Vertex offers SEK 36 in cash per share in Pagero and the total value of the offer amounts to approximately SEK 5.8 billion.
Pagero provides a Smart Business Network that connects buyers and sellers for automated, compliant, and secure exchange of orders, invoices, payment instructions and other business documents. With an open network and a wide range of value-added apps, Pagero helps businesses streamline their order-to-cash and purchase-to-pay processes while unlocking the full potential of accurate and reliable business data. All of this, regardless of location, industry, size or systems.
Vertex, Inc. is a leading global provider of enterprise tax technology solutions. The company's mission is to deliver the most trusted tax technology enabling global businesses to transact and comply with taxing jurisdictions worldwide. Vertex, Inc. provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value-added and payroll tax.
DLA Piper's Swedish team has been led by Emma Norburg and Richard Folke. The team consisted mainly of Therese Pekkanen, Samira Bandick, Radwan Benachenhou, Filip Landenius, Charlotte Hammer Lindå, Erik Brändt Öfverholm and Linnea Wernheim.
