Following the initial announcement on August 27 when both firms said talks were being held regarding a Transiciel takeover, the Boulogne-based company’s share price has risen 52% to a value on October 15 of E12.2, giving it a market capitalization of $273.9 million (E238.2 million).
However, it would appear CGE&Y is not quite as keen as its apparent target, preferring instead to keep an eye on the French company’s performance.
In addition, the continued rise in Transiciel’s share price is likely to make an eventual takeover even less attractive, although it may tempt others.
This article was based on material originally published by ComputerWire.
