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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Get ready for Blue Prism bidding war

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Speculation is increasing that there will be a bidding war for robotic automation company Blue Prism (PRSM:AIM).
Its shares surged by 32% on 31 August after confirming it was in talks with private equity firms TPG Capital and Vista Equity Partners regarding possible offers for the firm.
Since then, the Financial Times reported that Blue Prism had brought in Qatalyst Partners as financial adviser. It said: ‘The Silicon Valley boutique has a longstanding reputation for shopping tech companies to the highest bidder.’
At the time of writing, TPG and Vista have remained silent, and no details have been revealed as to the terms being discussed.
One of the key attractions we identified for owning Blue Prism shares was the yawning valuation discount that it traded at versus peers. This is still relevant today, despite the subsequent gain in the share price since our July article.
Add in the company’s exposure to a fast-growing industry and installed recurring revenue base and the potential rewards still outweigh the risks.
SHARES SAYS: Anyone who followed our suggestion to buy in July would have made a decent return in a very short time. Readers must decide whether to lock in that profit or hang on in case a bidding war drives the price up further. Shares believes there is more money to be made from sticking with the stock.
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Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
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