BUZZ-SoftwareOne slumps after it rejects Bain's offer

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** Shares in SoftwareOne SWON.S drop over 11% after the Swiss software management company rejected an offer from Bain Capital and said it wants to remain independent

** It rejects a non-binding takeover offer of CHF 18.80 per share, saying the value indication neither provided sufficient certainty or reflected the value of the company

** SoftwareOne says it will remain a standalone public company, announcing the completion of a strategic review that began in July 2023

** The stock's on track for its worst day since March 2022


(Reporting by Mateusz Dobrzyniewski)

((Mateusz.dobrzyniewski@thomsonreuters.com))

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