Bird & Bird is advising Lexmark International Technology on its recommended cash offer to the shareholders of the Swedish ReadSoft company.
Lexmark's total offer value for all shares in ReadSoft amounts to approximately SEK 1.2 billion (approximately EUR 133 million).
Lexmark is a wholly-owned subsidiary of Lexmark International. In 2013, Lexmark had sales over USD 3.6 billion, did business in over 170 countries and employed approximately 12,000 people world-wide.
ReadSoft offers applications for automated business processes such as accounts receivable, sales order processing, and multichannel mailroom automation. ReadSoft's solution for invoice processing automation integrates seamlessly e.g. with ERP systems from SAP and Oracle. Today ReadSoft is an international group with subsidiaries in 17 countries. The ReadSoft B-share is traded on NASDAQ OMX Stockholm.
The Bird & Bird team advising Lexmark is led by Partner Hans Svensson and Senior Associate Caroline Grotenfelt in Stockholm, with assistance from Partners Jorgen Ekstrom, Gabriel Lidman, Mahmut Baran, Fabian Niemann, Anne Federle, Stefan Munch, and Polish Partner Maciej Gawronski, and Associates Johanna Elvaner Juhlin, Anna Gustaffson, Johan Bohm, Magnus Berterud, Nina Strandnas, Daniel Thorbjornsson, Ida Smed Sorensen, Tim Bostrom, and Johanna Stampe.
