Glantus Holdings took off on Wednesday after announcing the takeover discussions with Accel-KKR and their subsidiary company Basware Corporation.
Glantus Holdings shares were 77% higher at the time of writing on Wednesday.
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Accel-KKR has until 16th August 2023 to make a firm intention to make an offer or announce they do not intend to pursue a takeover.
Glantus Holdings has developed technology to help companies manage their accounts payable and announced a €5.5m loss for the twelve months to 31st December 2022.