Australia's LiveTiles rises as co plans to acquire Portugal-based firm
15/12/2021 03:25
** Shares of workplace software maker LiveTiles Ltd LVT.AX
rise as much as 4.2% to A$0.088, their biggest intraday pct gain
since Dec 7
** LVT enters https://www.asx.com.au/asxpdf/20211215/pdf/4545p9hjk2sbnq.pdf
into a binding agreement for a strategic investment into
Portugal-based digital workplace software company BindTuning
** Deal to acquire BindTuning over a 24-month period, with
an initial payment of $540,000 for a 19.99% stake
** Co says deal will help accelerate the development of its
employee experience solutions marketplace through which LVT and
BindTuning will be able to expand their global reach
** Stock down ~65% so far this year, as of last close
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))
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