VenkatThomson Reuters said it has bought a majority stake in the Pagero Group, taking it closer toward full control of the latter. Apart from the key shareholders, including Summa Equity, Pagero's chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday. Thomson Reuters had last week launched a $626 million cash bid for Nasdaq-listed Pagero, beating a rival offer made by Vertex for the Swedish e-invoicing provider in December. Reuters said last week that it would begin a public tender offer to buy all of Pagero's shares. Venkat at venkat.pr@wsj.com(END) Dow Jones Newswires01-15-24 0239ET

Source: Wall Street Journal January 15, 2024 07:43 UTC