Nordic Capital in IT services bid

Nordic Capital, a Scandinavian private equity firm, has made an unsolicited bid for a Norwegian computer services company in what could be one of the country's largest buyouts in more than a year.

Nordic Capital has made a cash tender offer €15.50 per share for Norway's TietoEnator, which values the business at about €1.1bn ($1.7bn). It made the bid through a fully-owned holding company, Cidron Services.

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