Agree with some of your points.
Replying to a few posts in one hit but I think it does make sense for a few more reasons to:
1. There would be cost synergies and technology synergies if they merged. It’s not to say either one has lost confidence in their product.
2. Managements shares are conflicted so they will not be able to vote down any special resolution.
3. AMX has far superior 3D modelling. NEA doesn’t really have this feature yet. NEA doesn’t offer LiDAR. I actually prefer AMX’s 2D offering to NEA’s 2D offering but I’d say they are comparable.
4. Agree that getting the appropriate approvals would be a hurdle. I guess that’s why you have lawyers and advisors.
Andy Watt has been seen multiple times at Citi’s offices which has sparked this rumour. They could just be looking to do a raise or acquire something else offshore.
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