Shares in Blancco Technology Group (AIM:BLTG) PLC, the data erasure specialist, soared 23% after it said it is set to be acquired by US investment firm Francisco Partners in a deal worth £175 million.
The offer represents a 24.6% premium to Tuesday's closing price, with Francisco paying 223p.
Blancco’s management has backed the takeover, while investors speaking for 46.6% of the business have indicated their support.
The stock jumped 41p to 220p.