Australia's Livetiles rises on buyout bid from Bigtincan
04/10/2022 01:00
** Shares of Livetiles LVT.AX rise as much as 19.3% to
A$0.065, hitting their highest level since July 25
** The workplace software maker says it has received a
takeover offer from AI-powered software provider Bigtincan
Holdings BTH.AX wherein the latter proposed to purchase the co
in a A$62.3 mln ($40.54 mln) deal urn:newsml:reuters.com:*:nASX9d466F
** Offer was priced at A$0.07 per LVT share, a 27.3% premium
to the stock's last close on Monday
** LVT set for best day since Aug 19, if gains hold
** Bigtincan shares climb as much as 4.8% to A$0.550, but
are down ~48.3% this year, as of last close
** LVT stock down 45.5% this year, as of last close
($1 = 1.5368 Australian dollars)
(Reporting By Sherry Philips)
((sherrymary.jacob@thomsonreuters.com;))