Altair hits record high on Reuters report saying co is exploring sale

Altair Engineering

22/10/2024 16:47

** Engineering software maker Altair Engineering's shares
 ALTR.O  hit record-high
    ** ALTR was last up 9.1% at $103.85
    ** Co is exploring a sale after attracting takeover
interest, Reuters reported
    ** Cadence Design Systems  CDNS.O  could be one of the
potential bidders for ALTR, which has a market value of $8 bln
    ** Co is said to be working with investment bankers to gauge
interest from buyers
    ** Including session's moves, ALTR is up 24.9% YTD

 (Reporting by Rishi Kant in Bengaluru)
 ((Rishi.Kant@thomsonreuters.com))