Australia's Bigtincan hits record low as suitor withdraws takeover bid

Bigtincan Holdings

12/06/2024 06:10

** Shares of Bigtincan Holdings  BTH.AX  fall as much as 25%
to an all-time low of A$0.105
    ** Stock posts its biggest intraday percentage decline since
March 19, 2020
    ** Sales automation software co says Vector Capital
Management withdrew its indicative takeover offer valuing co at
about A$154 mln ($101.81 mln)
    ** About 1.9 mln shares change hands, compared with the
30-day average volume of around 905,000
    ** Stock down 30% YTD, as of last close

($1 = 1.5126 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))