-British software automation company Blue Prism Group agreed on Tuesday to a 1.1 billion pound ($1.50 billion) takeover offer from American private equity firm Vista Equity Partners.
The London-listed company, whose customers include automaker Daimler, e-commerce firm eBay and Britain's NHS, said it plans to recommend that shareholders vote in favour of the 1,125 pence-per-share bid.
The offer represents an about 35% premium to the stock's closing price before the offer period began on Aug. 28.
Blue Prism, the latest British takeover target by a private equity firm, was also in talks with TPG Capital over a possible offer.
Blue Prism said it also plans to separate the chairman and chief executive role and that it has started looking for a new CEO.
($1 = 0.7311 pounds)
