NORWAY - Borea increases stake in Software Innovation to 38%

Oslo-based SOI develops and implements solutions for Enterprise Information Management to customers in Sweden, Norway, Denmark and Finland. Founded in 1984, the business employs approximately 470 people and is estimated to generate turnover of NOK 440m in 2008.

Borea's offer of NOK 5.50 per share represents a premium of 88% compared with the closing price on Monday 1 December, and a premium of 37% compared with the average trading price in November. the investor has subsequently submitted a mandatory takeover offer for the remaining shares.

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• Buyouts
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