The board of Monitise (MONI) has agreed to an increased offer by Fiserv, valuing the company at £75 million. The offer of 3.1p per share represents a premium of 34.8% to the closing price of 2.3p per share on 12 June, the last business day before the initial offer announcement. Fiserv pointed out that Monitise's last trading update showed revenue continues to decline and outstrip cost-cutting measures. Monitise expects revenue for the year ending 30 June 2018 to be lower than the previous year. Monitise and Fiserve agreed a £70 million deal in June but it was criticised by shareholders as too low.
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