Bentley Systems Explores Options Amid Takeover InterestBentley Systems ( NASDAQ:BSY ), a leading provider of engineering software, is currently exploring various options in response to acquisition interest from potential buyers. Sources familiar with the matter have revealed that the company, which currently boasts a market value of approximately $15 billion, has received attention from a number of firms including Schneider Electric and Cadence Design Systems.
Notably, the Bentley family holds control over the company through a unique class of shares. To address the acquisition interest, a special committee of the board of directors has been established to investigate potential options, including an outright sale or joint venture.
While the discussions are confidential, sources caution that no deal has been confirmed at this time. Bentley Systems ( NASDAQ:BSY ), Schneider Electric, and Cadence Design Systems have yet to make any public statements regarding the matter.
It is important to note that Bentley Systems ( NASDAQ:BSY ) has cultivated a reputation for providing cutting-edge technological solutions to a wide range of industries. As such, any potential acquisition of the company would likely have significant implications for the market as a whole.
Technical Outlook
Bentley Systems ( NASDAQ:BSY ) stock has risen over 5.87% in Thursday's afternoon trading session with a bullish Relative Strength Index (RSI) of 61.98 which indicates room for further surge. The monthly price chart has concurrently shown a shoulder and head pattern amicably maintaining that level over 1 year.
