- Denmark financial software company SimCorp A/S ( OTCPK:SICRF ) rose 5.6% in Copenhagen trading after a report that private equity firms may be interested in acquiring the company.
- Several buyout firms have approached advisers to talk about possibly acquiring SimCorp, according to a Dealreporter item.
- SimCorp shares have dropped 36% year-to-date through Monday.
- SimCorp's Copenhagen listing and its shareholder base may complicate a takeover and Denmark is perceived to be a tough market to get a take private deal done, according to Dealreporter.
- Earlier this month SimCorp reported Q2 GAAP EPS of €0.23, revenue of €116M missed by €7.11M.
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Denmark's SimCorp gains on report about private equity interest