Alfa discloses $773 million buyout offer from EQT

Alfa Financial Software said on Friday it had received a number of unsolicited buyout proposals from investment firm EQT, with the latest offer at 208 pence in cash, valuing the company at 614.6 million pounds ($772.86 million).

The company, which provides software for the asset finance industry, said EQT’s latest proposal also gave shareholders the option to elect for a partial unlisted share alternative offer.