Australia's Hansen Technologies tumbles as BGH Capital drops takeover bid

Hansen Technologies

06/09/2021 01:55

** Shares of Hansen Technologies Ltd  HSN.AX  drop as much
as 14.9% to A$5.250, marking their biggest intraday pct loss
since June 22, 2018
    ** Customer care provider says private equity firm BGH
Capital has withdrawn its proposal to buy co for A$6.50 in cash
per share  urn:newsml:reuters.com:*:nASXb0Ygq8
    ** BGH Capital tabled the proposal in June this year
    ** HSN says proposal discussions with BGH Capital have now
ceased and exclusivity deed has been terminated
    ** Stock hits lowest since June 4
    ** Over 1.5 mln shares change hands vs 30-day average volume
of ~375,000
    ** Stock up 65.4% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))