Australia's ReadyTech falls most in over 9 months as suitor withdraws offer

Readytech Holdings

22/12/2022 24:15

** Shares of ReadyTech  RDY.AX  fall as much as 8.4% to
A$3.6, posting its sharpest gains since March 4 
    ** Software as a service (SaaS) said its suitor Pacific
Equity Partners (PEP) had withdrawn its updated buyout offer of
A$4.5 per share
    ** Co says PEP is working alternative proposal which could
deliver the same per-share value
    ** Stock has risen 0.8% this year as of last close 
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))