Thomson Reuters Corporation Acquires ~53.81% In Pagero Group AB, An E-Invoicing And Indirect Tax Solutions Company; Increases Tender Offer To Acquire 100% Of The Shares For SEK50/ Share, Or ~SEK8.1 Billion
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters Corporation (TRI) has acquired a majority stake of 53.81% in Pagero Group AB, a leader in e-invoicing and indirect tax solutions. Thomson Reuters increased its tender offer to SEK 50 per share, valuing Pagero at approximately SEK 8.1 billion. The acquisition enhances Thomson Reuters' ONESOURCE indirect tax offerings and is expected to provide significant growth opportunities due to increasing global e-invoicing regulations. The offer is unconditional and fully financed, with the acceptance period ending on February 9, 2024.
January 15, 2024 | 11:22 am
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POSITIVE IMPACT
Thomson Reuters' acquisition of a majority stake in Pagero Group AB positions it to capitalize on the growing e-invoicing market, potentially enhancing its product offerings and revenue streams.
The acquisition of Pagero Group AB is a strategic move for Thomson Reuters, directly impacting its product portfolio and market position in the e-invoicing and tax solutions sector. Given the positive outlook on the e-invoicing market and the potential for revenue growth, the short-term impact on TRI's stock price is likely to be positive. The deal is also fully financed, indicating a strong commitment and financial stability, which could further instill investor confidence.
CONFIDENCE 80
IMPORTANCE 85
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