Movement Alert｜Bending Spoons S.p.A. Intraday Rise 5.83% in Regular Trading, Completion of Miro Acquisition Boosts M&A Integration Expectations

Market Focus10-26

On October 26, Bending Spoons S.p.A. posted an Intraday Rise of 5.83% in Regular Trading, trading at $46.66, with turnover of $15.4115 million.

The move followed the company’s announcement that it completed its previously announced all-cash acquisition of visual collaboration platform Miro, a transaction previously valued at about $1.36 billion on an enterprise basis and about $1.79 billion on an equity basis, including net cash.

At closing, certain former Miro shareholders reinvested about $295 million of their proceeds into roughly 6.2 million newly issued ordinary shares of Bending Spoons S.p.A. The completion adds to the company’s earlier completed Airtable acquisition and reinforced market expectations around its serial acquisition strategy, integration capability, and software asset expansion.

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