Copyright Reuters
The offer for the maker of specialist software for government planning, regulatory compliance and elections technology, by its second-largest shareholder, represents a 27.7% premium to Idox's closing price on Monday. Sign up here. Long Path said it plans to inject about 5 million pounds into the business at deal closing to improve customer experience, and expects an initial headcount reduction of around 5%. Idox's board has unanimously recommended the deal, which has secured binding commitments from investors representing over 35% of Idox's shares and is expected to close in the first quarter of 2026. Reporting by Yadarisa Shabong and Shashwat Awasthi in Bengaluru; Editing by Mrigank Dhaniwala
