Sapiens International Reportedly Alpha Group has broken off negotiations to buy Sapiens after discussing a deal with a 20% premium - Globes
"The Alpha Group held negotiations until several days ago with the Formula Systems software holding company for the purchase of one of its portfolio companies - apparently Sapiens, which develops insurance industry software - in a transaction reflecting a market cap of $420 million (a 20% premium on the market value). Contacts between the parties were recently discontinued, apparently because of an inability to agree on a share price for the transaction. Formula and the Alpha Group declined to comment."