By P.R. Venkat

Thomson Reuters said it has bought a majority stake in the Pagero Group, taking it closer toward full control of the latter.

Apart from the key shareholders, including Summa Equity, Pagero's chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday.

The acquisition will be made using currently available funds, it said.

Thomson Reuters had last week launched a $626 million cash bid for Nasdaq-listed Pagero, beating a rival offer made by Vertex for the Swedish e-invoicing provider in December.

Reuters said last week that it would begin a public tender offer to buy all of Pagero's shares.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

January 15, 2024 02:39 ET (07:39 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.
Thomson Reuters (TSX:TRI)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Thomson Reuters.
Thomson Reuters (TSX:TRI)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Thomson Reuters.