Software firm’s shareholders back £26m takeover offer

Shareholders in Staffordshire-based back office software specialist eg solutions, have given their backing for the £26m acquisition of the firm by a US rival.

The shareholders gave their backing for the takeover by Verint WS Holdings at a general meeting yesterday.

The move was backed by 82.86% of the shareholders taking part in the ballot.

The general meeting also agreed to authorise the eg directors to take any action they deemed necessary to carry the acquisition over the line.

Permission to amend the articles in connection with the takeover and subject to the scheme becoming effective, to re-register the company as a private company, was also agreed.

Court sanctioning of the takeover is expected to take place on November 1 with eg’s shares on AIM being cancelled on November 6.

Verint revealed last month it had agreed a £26.3m takeover of the Dunston-based firm. The deal had already been agreed between the two boards and was backed by irrevocable undertakings from shareholders which own 68% of the company.