The Appen Ltd (ASX: APX) share price is squarely in focus on Thursday morning following news the AI training data company has received a takeover proposal.
Before the opening bell, Appen laid to rest the rumours this morning, confirming the receipt of an unsolicited, conditional, and non-binding indicative proposal from TELUS International. The Canadian technology company is looking to acquire 100% of Appen at a price of $9.50 per share.
This would put an extra ~48% in the pockets of shareholders from yesterday's $6.40 closing price."
