Australia's Bigtincan soars on higher takeover bid

Bigtincan Holdings

17/09/2024 02:18

** Shares of Bigtincan Holdings  BTH.AX  climbs as much as
41.7% to A$0.170, set for their best day since late March 2020 -
if current trend holds 
    ** Shares currently up 33.3% as of 0105 GMT
    ** The sales automation software co says it has received a
higher takeover proposal from Vector Capital Management for
A$0.20 per share, valuing company at about A$164.3 million
($110.84 million)
    ** Co says it will evaluate the revised proposal with input
from external advisors
    ** Shares hit highest since April 11 
    ** About 2.3 mln shares change hands, 2.1 times compared
with the 30-day average volume of 1.1 mln shares 
    ** Including day's moves, stock has fallen ~13.9% this year


($1 = 1.4824 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))