Vertex (VERX) Withdraws Offer to Acquire Pagero

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Vertex Withdraws Offer to Acquire Pagero

January 14, 2024 8:00 PM EST

KING OF PRUSSIA, Pa., Jan. 14, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX), a global provider of indirect tax solutions, today announced that after thorough review, it has withdrawn its previously announced public tender offer for 100% of the shares of Pagero Group AB (publ) (Pagero) following two competing offers and the acquisition by a competing bidder of more than 10 percent of the shares of Pagero.

Vertex has been a leader in the indirect tax market for 45 years by taking an approach to growth that is both disciplined and aligned with the best... More