LONDON, UK: SmartSpace Software Plc, a company that provides software for smart buildings and commercial spaces, has received a possible cash offer from Sign In Solutions Inc. (SIS), a company backed by PSG Equity L.L.C.
The offer is for 90 pence per share, which the SmartSpace board is willing to recommend to shareholders, subject to terms and conditions.
The offer depends on several pre-conditions, such as due diligence, and there is no guarantee that it will be made. SIS may also change the offer or make a lower one under certain circumstances. More details will be announced later.
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