India, June 11 -- Shares of Craneware plc (CRW.L) were losing around 5 percent on the London Stock Exchange after Bain Capital Private Equity (Europe), LLP announced that it is no longer considering a possible offer for the provider of automated value cycle solutions for the US healthcare market.
Further, Craneware confirmed that trading in the year to June 20 has been strong, with continued growth in revenue and adjusted EBITDA, and further Earnings, ARR and NRR acceleration.
As per the mid- May announcement of a possible offer to buy Craneware, Bain Capital was required to announce a firm intention to either make or not to make an offer by no later than June 13.
In response to Bain Capital's statement of withdrawing from the offer, Cra...