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Takeovers with dates: Pinewood.AI changed hands on 9 October, BASE tender closed on 21 October, Plurilock votes on 18 November

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By TrustList Editorial

Dates for four software deals: Pinewood.AI’s scheme took effect on 9 October, SBI’s tender for BASE closed on 21 October with 90,944 shares tendered, Plurilock holders vote on 18 November, and Salesforce agreed to buy Listen Labs.

About Takeovers with dates: Pinewood.AI changed hands on 9 October, BASE tender closed on 21 October, Plurilock votes on 18 November

Takeovers with dates: Pinewood.AI changed hands on 9 October, BASE tender closed on 21 October, Plurilock votes on 18 November

30 September 2026:

Not yet independently verified. The Pinewood.AI scheme taking effect on 9 October and the BASE tender result rest on the parties’ own filings; the Plurilock meeting date of 18 November rests on its circular as reported by one trade outlet. The Salesforce and Listen Labs deal rests on Salesforce’s announcement only.

Four software deals filed or announced between 25 and 30 September 2026 now have dates attached. Customers of each product should read their contracts' change-of-control and assignment clauses before those dates arrive.

Pinewood.AI: scheme took effect on 9 October

Pinewood Technologies Group, which trades as Pinewood.AI and sells dealer management software to car retailers, is being bought by U.K. Piston Bidco. Bidco is a new company owned indirectly by entities administered by Ridgeview Partners. On 25 September shareholders approved the court-sanctioned scheme of arrangement. At the court meeting 99.76% of scheme shares voted in favour, and at the general meeting 99.67% of votes cast backed the special resolution.

The timetable in the filing:

  • court sanction hearing: 7 October 2026;
  • last day of dealings in the shares: 8 October;
  • scheme effective: 9 October, with trading suspended at 7.30 a.m.;
  • listing cancelled by 7.30 a.m. on 12 October.

On 9 October Pinewood announced that the scheme had become effective.

Dealerships using Pinewood.AI have been on a privately owned supplier since 9 October. Ask the vendor for its roadmap and support commitments under the new owner.

BASE: SBI's tender offer, extended twice, closed on 21 October

SBINM, a wholly owned company of SBI Holdings, is making a tender offer for shares in BASE, Inc. (Tokyo Stock Exchange 4477), which runs an online-shop builder for small merchants and the Pay ID payment service. On 30 September the offer period, due to end that day, was extended to 15 October 2026, and it was later extended again, to 21 October. SBI Holdings' result notice of 22 October says 90,944 shares were tendered, and SBINM is buying all of them. The price is still ¥340 a share, capped at 23,792,300 shares, about 20.67% of voting rights. SBI aims to make BASE an equity-method affiliate, not to take it private. BASE's board supports the offer and leaves the decision to its shareholders.

Merchants on BASE: nothing changed when the offer closed. The two companies announced a business alliance on 28 August.

Plurilock: shareholder vote on 18 November

Montreal-based Quantum eMotion has agreed to buy Plurilock Security of Victoria, British Columbia, which sells cybersecurity services and identity and risk products to enterprise and government customers. The deal is a court-approved plan of arrangement at C$0.28 per Plurilock share, paid 30% in cash and 70% in Quantum eMotion shares. Plurilock shareholders vote on 18 November 2026, with proxies due by 16 November according to The Quantum Insider’s report of the circular, and the deal needs two-thirds approval plus TSX Venture Exchange and NYSE American approval. The parties expect to close shortly after the vote. BetaKit reported the deal on 29 September.

Plurilock customers, especially in the public sector, should confirm how contracts and procurement-framework positions will move to the combined company.

Salesforce to acquire Listen Labs

On 29 September Salesforce signed a definitive agreement to acquire Listen Labs, an AI customer-research platform whose agents design and run interviews and summarise the findings. Salesforce expects to close in the fourth quarter of its fiscal year 2027, subject to regulatory clearance. It did not state a price or say whether Listen Labs will still be sold on its own. Its customers should ask about product continuity and data handling before the deal closes.

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