By Adriano Marchese

Shares of Nexj Programs Inc. jumped in early buying and selling Monday after the corporate stated it will be purchased at a premium to its latest share value.

At 9:32 a.m., the shares have been 40% increased at C$0.53.

The Canadian cloud-based software program supplier stated that N. Harris Pc Corp., a subsidiary of Constellation Software program Inc., will purchase the entire firm’s excellent frequent shares for 55 Canadian cents apiece, the equal of 42 U.S. cents.

The worth per share is a premium to Friday’s share closing value of C$0.38, and a 35% premium to the volume-weighted common value of its shares during the last 20 buying and selling days, it stated.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

August 29, 2022 09:52 ET (13:52 GMT)

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