Australia's ReadyTech plunges to 2-month low as buyout talks fail

Readytech Holdings

23/12/2022 01:40

** Shares of ReadyTech  RDY.AX  fall as much as 11.1% to
A$3.110, their lowest since Oct. 25
    ** The Software as a service (SaaS) provider said its suitor
Pacific Equity Partners had pulled the plug on the deal to
buyout the firm, just a day after the private-equity firm
withdrew its offer for the company to work on a new one.
 urn:newsml:reuters.com:*:nASX41lVXX  urn:newsml:reuters.com:*:nASX8SrntD
    ** Stock extends losses to a fifth straight session 
    ** RDY is down ~10.3% this year, as of last close 
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))