Brief: Bigtincan Says Received Unsolicited And Non-Binding Proposal From SQN Investors LP

Bigtincan Holdings

01/12/2022 22:25

Dec 2 (Reuters) - Bigtincan Holdings Ltd  BTH.AX :
    * RECEIVED AN UNSOLICITED, INDICATIVE, CONDITIONAL AND
NON-BINDING
PROPOSAL FROM SQN INVESTORS LP
    * PROPOSAL TO ACQUIRE ALL OF SHARES IN BTH FOR A$0.80 CASH
PER
SHARE BY WAY OF SCHEME OF ARRANGEMENT
    * SQN HAS INDICATED IT AIMS TO FUND INDICATIVE PROPOSAL BY A
COMBINATION OF EQUITY BY SQN AND ITS AFFILIATES, AND POSSIBLY
DEBT FINANCING
    * ALSO NOTES THAT CO HAS HAD PRELIMINARY DISCUSSIONS WITH
OTHER
INTERESTED PARTIES ON A POTENTIAL CONTROL TRANSACTION
    * INDEPENDENT BOARD COMMITTEE WILL CONSIDER PROPOSALS IN
BEST
INTERESTS OF ALL BIGTINCAN SHAREHOLDERS.

Source text for Eikon:  ID:nASX2RfbVq 
Further company coverage:  BTH.AX 
 ((Reuters.Briefs@thomsonreuters.com;))