May 7, 2014 - Assignment

Mannheimer Swartling advising ReadSoft in relation to Lexmark International Technology’s public takeover offer

Lexmark International Technology S.A, a wholly-owned subsidiary of Lexmark International, has announced a public offer to the shareholders of ReadSoft.

Lexmark, which sells laser printers and imaging software, is offering SEK 40.05 per share in Readsoft, which supplies business software for invoicing and processing sales orders. The total value of the offer is approximately SEK 1.2 billion. The offer represents a premium of 117.7 per cent compared to the closing share price on NASDAQ OMX Stockholm on 5 May 2014.

Since 1991, ReadSoft has grown into a worldwide group, delivering industry expertise and support in 17 countries on six continents through its local and global partner network. ReadSoft is headquartered in Helsingborg, Sweden, with revenue of approximately SEK 761 million in 2013, and its share is traded on the NASDAQ OMX Stockholm’s Small Cap list.

ReadSoft is being advised by Mannheimer Swartling. The firm’s team is led by Ragnar Lindqvist and Åsa Hansdotter, mainly assisted by Lisa Fennhagen and Emma Sandberg Thomsen as well as by Martin Nilsson and Carl Beyer on corporate tax matters related to the transaction.