MSC Software Corp, a simulation and software services company, said it received a revised offer of $8.15 per share from a group of private equity firms after Maximus Holdings raised its offer to $8.

Last week, the undisclosed private equity firms had proposed to acquire MSC for $8 per share in cash, beating a previous buyout offer of $7.63 per share from Maximus Holdings, a unit of Symphony.

Shares of MSC rose as much as 2 percent to $8.27 in Tuesday morning trade, signalling a possibility that the bidding war could heat up.

MSC said it intends to terminate the deal with Symphony in favour of the private equity firms' offer after the expiration of the five business day notice period ending Sept. 21.

(Reporting by Shrutika Verma in Bangalore; Editing by Aradhana Aravindan)

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