Texan software investor mounts $40 mln takeover for Chch-based SLI Systems

Mon, 22 Oct 2018

By Paul McBeth Oct. 23 (BusinessDesk) - Texas software investor ESW Holdings is offering more than twice the current market price to buy Kiwi e-commerce software seller SLI Systems for more than $40 million. The US firm has already locked in acceptances for about 51 percent of the business, including the interests of co-founders Shaun and Grant Ryan, Pie Funds Management and Milford Funds Management. ESW will offer at least 63 cents a share and between 3 and 34 cents per option in a full takeover offer, the wide value spread reflecting "...

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