Source - SMW
Constellation UK and Bond International Software have announced a recommended revised cash offer from Constellation UK at 115.5p per Bond share.

A joint statement says  AXA Investment Managers UK Ltd has provided an irrevocable undertaking to accept the revised offer in respect of 4,050,000 Bond shares currently under its control, representing 9.6% of the existing issued ordinary share capital. 

The revised offer represents a premium of 10% to the original offer price of 105p and 32% to the closing price of 87.5p on 2 June, being the last business day prior to the publication of the possible offer announcement which commenced the offer period.