Tungsten Corporation (LON: TUNG) founder Edmund Truell and his associates are backing a possible bid of 40p a share by Kofax Inc. This is an attractive price for Edmund Truell, but not so attractive for some of the longer-term shareholders. The board says that the bid significantly undervalues the digital invoicing business.
California-based Kofax is an automated software provider that simplifies the handling of data. Kofax has eight out of the top ten global banks and seven out of ten of th...
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