Sales software group Bigtincan Holdings looms as a white knight...

Sales software group Bigtincan Holdings looms as a white knight for stranded shareholders in Livetiles Ltd, offering them a potential way out or chance to be part of a bigger ASX-listed vehicle.AFRStreet Talk understands Bigtincan has made a non-binding and indicative offer to acquire Livetiles in a cash or scrip deal, in a bid to kick off a round of friendly takeover talks and put an end to a sour situation.Sources said Bigtincan’s offer valued Livetiles at about 8¢ a share, which would be close to a 50 per cent premium to its last traded price, and allow shareholders to receive cash or scrip in the combined entity.
For Bigtincan, the deal could see it add Livetiles $55 million or so in annual recurring revenue and $5 million in earnings, and potentially extract more earnings via synergies.