Mapping software company has seen its shares pop by a third on Monday after revealing that it had been in takeover talks with US private equity company Thoma Bravo. The takeover price of $2.10 cash per share values the business at around $1.055 billion and is an 83% premium to Nearmap’s closing price of $1.15… Read more »
Two months after Mike Cannon-Brookes made an audacious but ultimately doomed takeover bid for AGL, his Atlassian co-founder and co-billionaire Scott Farquhar is making his own energy play with a $320 million tilt at ASX-listed Genex Power Limited (ASX: GNX). Genex shares jumped as much as 50% on the news on Monday before closing 45%… Read more »
AGL has rejected a revised takeover bid from Mike Cannon-Brookes and Brookfield The $8.25 a share bid was a 10% increase on their first bid two weeks ago and worth $5.5 billion Cannon-Brookes said their consortium won’t make a further bid AGL is planning a demerger that it says will offer better value Atlassian billionaire… Read more »
There’s some relief for investors in Youfoodz Holdings Ltd today following a takeover bid by German-owned meal kit delivery rival HelloFresh. Youfoodz (ASX: YFZ) shares have jumped 77% to $0.902 cents following the offer at $0.93 per share in cash by way of a scheme of arrangement. The company said it has entered into a… Read more »
Shares in ASX-listed software venture Altium (ASX: ALU) jumped 40% after the company rejected an unsolicited $5 billion takeover offer from NASDAQ-listed multinational software behemoth Autodesk. The non-binding, indicative and unsolicited offer from for 100% of Altium at A$38.50 per share, by way of a scheme of arrangement, was rejected as “significantly” undervaluing the business,… Read more »
The one that got away: After paying $230 million for Catch, Wesfarmers is shutting it down 
Antler Investor Memo Series: Lyngo AI answers the healthcare communication crisis with AI receptionists 
Tennis Australia is using facial recognition at the Australian Open to monitor fans 
Applications for Catalysr’s ‘migrapreneur’ startup accelerator program are about to close 
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