Australia's Bigtincan Holdings climbs on confirming premium takeover offer

Bigtincan Holdings

22/05/2023 02:18

** Shares of software company Bigtincan Holdings  BTH.AX 
rise as much as 30% to A$0.650 - their highest since Dec. 6
    ** Co confirms it has received a confidential, non-binding,
indicative offer from Siris Capital Group at an indicative offer
price of A$0.80 per share
    ** Offer price represents a 60% premium to BTH's last
closing price
    ** Says it does not consider it to be in best interests of
shareholders to progress with Siris proposal at this time
    ** Trading volumes 2.2 times the 30-day average of 754,146
shares
    ** As of last close, stock down 5.7% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))