A Potential Basware Takeover: Speculation Abounds

Earlier today, Basware, a Europe-based procure-to-pay provider that, through integrated partner capabilities, also offers broader source-to-pay solutions, responded to “media speculation” that it had received a takeover offer, resulting in a material run up in its share price. In a press announcement published Friday, Nov. 16, the vendor said it had been "approached with a non-binding and highly conditional indicative proposal for a possible tender offer for the entire share capital of Basware." The wording of the full release may provide some hints as to what kind of firm is considering an offer. But who the potential acquirer is perhaps matters less than what a Basware takeover could mean more broadly for the procurement technology market, in which Basware has made considerable gains within recent years.

Afternoon Coffee: Trump Optimistic on China Trade Talks, Companies Gird for No-Deal Brexit

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President Donald Trump on Friday said he has a positive outlook about China’s recent list of trade issues that it’s willing to discuss, and the stock market responded favorably to the possibility of less volatile policies between the two countries, Bloomberg News reports. And as UK Prime Minister Theresa May tries to steer a shaky Brexit deal through Parliament and save her administration, companies are having to plan for the possibility of the UK leaving the European Union without trade deals and provisions for logistics, the Wall Street Journal reports. Afternoon Coffee brings you the latest in procurement and supply chain news.