Shares in global software specialist Ideagen were up 46 per cent this morning on news that it had agreed terms on a sale which valued it at £1.06 billion.
Shares hit a new high of 356p after the Nottingham-headquartered firm said it was ready to sell to Rainforest Bidco Limited.
The buyer is a new company owned by software and services investor HG, which previously helped grow the IRIS Software Group and Loughborough business software unicorn The Access Group.
