Kin & Carta PLC - London-based business software consultancy - Apax Partners LLP says it is "considering its options", after takeover target Kin & Carta last week said it has accepted a rival bid. Kin & Carta said it has accepted an offer of 130 pence per share from funds advised by London-based BC Partners LLP, trumping a previously agreed 120p bid from Apax. The BC Partners offer values Kin & Carta at GBP239 million. Apax on Wednesday notes that the 'no increase statement' relating to its own offer price is no longer in effect and has been set aside.

Current stock price: 132.00p

12-month change: down 39%

By Tom Waite, Alliance News editor

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