News: ALU Autodesk Terminates Acquisition Discussions With Altium, page-21

Ok my brief thoughts. Totally agree with your views about the takeover. The company in its initial public response said it was not unusual to receive interest from parties where they had been exploring partnerships, industry relationships (or words to that effect).

Reading between the lines they dismissed the takeover interest promptly and ‘politely’ as it was highly opportunistic, but in reality, I don’t think they wanted AutoDesk having a detailed look at their business on premise of circa $38 / SH etc.

Effectively denied AutoDesk, a software service competitor and industry aggregator having greater and in depth access to underlying valuable tech and, importantly, ALTIUM’s industry transformation plans.

As a longer term shareholder I think Altium made a good call. AutoDesk was hardly robust or aggressive as a potential suitor in the end. Offer came out of left field & they just seemed to go away timidly.

offer did not cut the mustard & had to be a lot higher to get serious attention of any larger shareholders.

agree somewhat with comments on value. IMO much improved results around the corner. Hope you get opportunity to buy back into a great business. Below $30 wishful on my part, but would not hesitate to accumulate in that case. Otherwise a hold for me looking out to their stated ambitions for 2025.