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Day: January 15, 2024

Vertex Withdraws Offer to Acquire Pagero

Written by Customer Service on . Posted in Mergers And Acquisitions.

KING OF PRUSSIA, Pa., Jan. 14, 2024 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ: VERX), a global provider of indirect tax solutions, today announced that after thorough review, it has withdrawn its previously announced public tender offer for 100% of the shares of Pagero Group AB (publ) (“Pagero”) following two competing offers and the acquisition by a competing bidder of more than 10 percent of the shares of Pagero. “Vertex has been a leader in the indirect tax market for 45 years by taking an approach to growth that is both disciplined and aligned with the best interests of our customers and shareholders. Today’s decision reflects those principles,” said Vertex CEO David DeStefano. “The fundamentals of our business remain strong and position us well to capitalize on the significant market opportunity in today’s increasingly complex...

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